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New York based bitcoin incubator and venture investor Digital Currency Group has raised an undisclosed amount of capital from investors including MasterCard, Bain Capital, and New York Life. The company, led by Barry Silbert, also revealed that it plans make between 10 to 20 investments in the next year and will launch a Bitcoin-focused conference, called BTC2016, next year in New York in May.
DCG is also exploring opportunities in research and data, consulting, lending and insurance. “If you look at the businesses we’ve started, they will tend to be more service-oriented businesses with clear lines of sight to revenue and profitability, whereas the companies in which we invest will tend to be technology or technology-able businesses that are more on the highly scale-able but certainly on the higher risk side,” he says.
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