BitPay was founded in 2011 by Anthony Gallippi and Stephen Pair. According to an article in Time Magazine, Pair says that there have been internal discussions of a future IPO. "A lot of it has to do with what we think about timing," he says. "In the next couple of years we are likely to see very substantial growth.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

BitPay allows users to "store, swap and spend cryptocurrency all in one app." It is one of the largest cryptocurrency payment processors in the world. In 2020, Frost & Sullivan, a market research and consulting firm, named BitPay Company of the Year. In January 2022, the company appointed Jim Lester COO. BitPay has raised over $75 million in funding from investors including Global Secure Invest, James Sowers, 10X Capital, Launch Code Capital, and RRE Ventures. After a Series A funding round in 2014, BitPay had a post-money valuation of $160 million, though that number could be as high as $500 million by now.

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Learn more about BitPay

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What is BitPay's IPO price?

The IPO price for BitPay will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in BitPay?

BitPay is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell BitPay shares pre-IPO?

If you own BitPay pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is BitPay a publicly traded company?

BitPay is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is BitPay's funding to date?

BitPay has raised $76.65MM to date.
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When was BitPay founded?

BitPay was founded in 2011.

Who are BitPay's major investors?

Menlo Ventures
RRE Ventures
AME Cloud Ventures
G Squared
Horizons Ventures
Black River Ventures
K2 Global

BitPay Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
4/2/2018 Series B and B-1 $43.45MM raised $XXX.XX $XXX.XX
5/13/2014 Series A $30.5MM raised $XXX.XX $XXX.XX
5/16/2013 Series Seed-2 $2MM raised $XXX.XX $XXX.XX
1/7/2013 Series Seed $700K raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Apr 15, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.