# Bitnet Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitnet-technologies

- Industry: Financial Services
- Headquarters: Belfast, UK
- Website: www.bitnet.io
- Total disclosed funding: $15M
- Latest round: Series A (Oct 20, 2014)
- Investors on record: 7

## About

Bitnet Technologies Ltd. is a technology company focused on enhancing operational efficiency and growth through innovative software solutions tailored for diverse industries.Founded in 2014 in Belfast, UK, Bitnet Technologies Ltd. specializes in technology solutions. The company has undergone strategic pivots but has remained focused on delivering software solutions. It raised USD 14.50 mn in a SERIES A round led by Highland Capital Partners, with participation from several other investors. The company has completed a total of 2 deals, with the most recent funding round occurring on August 18, 2016. Bitnet Technologies was acquired by Rakuten, Inc. in August 2016, although details of this acquisition remain undisclosed.Bitnet Technologies Ltd. provides innovative technology solutions aimed at improving operational efficiency. Its core products include software applications that enhance business processes, data management, and real-time analytics. The company serves mid-sized enterprises and large corporations in sectors such as finance, healthcare, and manufacturing, primarily in North America, Europe, and parts of Asia.The company generates revenue through a subscription-based model, with clients paying for access to its software applications on an annual or monthly basis. Various pricing tiers are available to accommodate different service levels and functionality. Additionally, partnerships with industry players and resellers support the distribution of its products, further enhancing market reach.Bitnet Technologies Ltd. plans to utilize its recent funding to further develop and launch new products aimed at enhancing operational efficiency. The company is targeting expansion into new geographic regions, with specific plans to enter additional markets in Europe and Asia by 2018. The funding from the SERIES A round will support these initiatives, driving product innovation and market penetration.

## Funding rounds

- Series A, Oct 20, 2014, $15M — Highland Capital Partners, RS Investment Partners, Webb Investment Network, Commerce Ventures, Digital Currency Group, Buchanan Investments, Rakuten Capital

## Investors

- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series A
- RS Investment Partners (https://capitalatlas.ai/funds/rs-investment-partners) — Series A
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Buchanan Investments (https://capitalatlas.ai/funds/buchanan-investments) — Series A
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series A