GoCoin Gets $1.5M For BitCoin Payments

Santa Monica-based GoCoin, the Bitcoin payments startup led by Steve Beauregard, has scored $1.5M in a Series A financing, the company said today. The funding was led by the Bitcoin Shop, Inc., as well as Owen Van Natta, the former COO of Facebook. The funding also included angels Andrew Frame (Ooma), David Neumann (Current TV), and others. GoCoin said the new round will go towards engineering resources and to ramp up its global sales force. GoCoin has around 7,000 square feet on the 3rd Street Promenade, and is developing a platform to allow merchants to accept Bitcoin and other digital currency payments on their e-commerce sites. More information »