Crypto schimb monemetru has successfully raised $7 million in funding in a round backed by three angel investors and hundred shareholders.
Following the funding, the valuation of the company has touched a three-fold increase to $180 million. Previously, the company was valued at $60 million last year.
Founded in 2018, Estonia-based Coinmetro is an EU-licensed exchange. The crypto exchange also has regulatory registrations in the US, Canada and Australia.
The company plans to use the new capital to scale up operations in the US, UK and Europe, while also rolling out a series of passive income products.
Coinmetro CEO Kevin Murcko said, “we have no shortage of ideas and are looking forward to making them real for our growing community over the months and years to come.”
According to Crunchbase, the crypto startup has altogether raised a total of $18 million to date.
The company next plans to raise a Series A in early 2023.
During the third quarter, the average check size for a seed and pre-Series A round was $6.5 million.
Recently, another crypto firm was on the hunt for raising funds.
New-York based web3 investment firm CoinFund announced on November 7, 2022, that it has been looking to raise $250 million just three months after its previous fund.
CoinFund a anunțat că intenționează să folosească investiția pentru a finanța startup-uri aflate în stadiu de început.
Trei dosare separate au arătat că fondurile CoinFund, domiciliate în Insulele Cayman, urmăresc să strângă 130 de milioane de dolari și 20 de milioane de dolari. Între timp, filiala companiei asociată cu Delaware caută 100 de milioane de dolari.
Rapoartele sugerează că runda de finanțare este încă în stadiu incipient, iar vânzările nu au avut loc încă.
În august, CoinFund a anunțat un fond de 300 de milioane de dolari pentru a sprijini proiectele blockchain aflate în stadiu incipient.
Fondul a fost susținut de investitori instituționali, inclusiv Teacher Retirement System din Texas, Adams Street Partners și StepStone Group.
Fondul de risc, care se numește „Fondul CoinFund Ventures I”, a fost deschis pentru a investi în firme web3 care arată tracțiune comercială.
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Source: https://blockchain.news/news/crypto-exchange-successfully-raises-$7m