Medici Ventures
Medici Ventures is the venture capital arm of Overstock.com, serving as a wholly owned subsidiary that manages investments in firms building blockchain technologies and related digital innovations. Established in 2014 and based in Salt Lake City, Utah, it focuses on information technology, blockchain, cybersecurity, software-as-a-service, and fintech sectors. The firm develops a portfolio of companies creating blockchain-enabled platforms and other technology businesses, aiming to advance practical applications and industry adoption.
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Past deals in Barbados
Bitt
Funding Round in 2020
Bitt Inc. is a financial technology company based in St Michael, Barbados, specializing in digital currency solutions. Founded in 2013, Bitt allows users to trade legal tender, such as U.S. dollars and Euros, for digital assets like bitcoin and ether, and vice versa. The company's services include a trading platform that matches user orders, digital currency conversion, and merchant payment solutions. Bitt also provides custodial services for digital currencies via Bitt Wallets and offers a Mobile Wallet for users to send and receive money globally, as well as for domestic transactions. Additionally, Bitt's Digital Currency Management System (DCMS) enables central banks and financial institutions to deploy Central Bank Digital Currencies (CBDCs) and stablecoins, with implementations in twelve countries across Africa, Central America, Europe, and the Caribbean. Bitt’s focus on blockchain technology positions it as a key player in developing secure, peer-to-peer payment ecosystems.
Bitt
Series A in 2019
Bitt Inc. is a financial technology company based in St Michael, Barbados, specializing in digital currency solutions. Founded in 2013, Bitt allows users to trade legal tender, such as U.S. dollars and Euros, for digital assets like bitcoin and ether, and vice versa. The company's services include a trading platform that matches user orders, digital currency conversion, and merchant payment solutions. Bitt also provides custodial services for digital currencies via Bitt Wallets and offers a Mobile Wallet for users to send and receive money globally, as well as for domestic transactions. Additionally, Bitt's Digital Currency Management System (DCMS) enables central banks and financial institutions to deploy Central Bank Digital Currencies (CBDCs) and stablecoins, with implementations in twelve countries across Africa, Central America, Europe, and the Caribbean. Bitt’s focus on blockchain technology positions it as a key player in developing secure, peer-to-peer payment ecosystems.
Bitt
Series B in 2018
Bitt Inc. is a financial technology company based in St Michael, Barbados, specializing in digital currency solutions. Founded in 2013, Bitt allows users to trade legal tender, such as U.S. dollars and Euros, for digital assets like bitcoin and ether, and vice versa. The company's services include a trading platform that matches user orders, digital currency conversion, and merchant payment solutions. Bitt also provides custodial services for digital currencies via Bitt Wallets and offers a Mobile Wallet for users to send and receive money globally, as well as for domestic transactions. Additionally, Bitt's Digital Currency Management System (DCMS) enables central banks and financial institutions to deploy Central Bank Digital Currencies (CBDCs) and stablecoins, with implementations in twelve countries across Africa, Central America, Europe, and the Caribbean. Bitt’s focus on blockchain technology positions it as a key player in developing secure, peer-to-peer payment ecosystems.
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