Express
Crypto Exchange Bitso Snags $62M New Funding To Expand The Brazilian Market
Summary: According to The Block, Mexico-based cryptocurrency exchange Bitso has completed a $62 million Series B financing led by QED Investors and Kaszek Ventures, with participation from companies such as Coinbase and Pantera Capital. CEO Daniel Vogel said that the new injection of funds will enable the company to expand its business in Brazil and provide ...
According to The Block, Mexico-based cryptocurrency exchange Bitso has completed a $62 million Series B financing led by QED Investors and Kaszek Ventures, with participation from companies such as Coinbase and Pantera Capital. CEO Daniel Vogel said that the new injection of funds will enable the company to expand its business in Brazil and provide services to the country's large traders and institutional clients. Pitchbook data shows that the company raised $2.5 million in an A1 round of financing with a valuation of $10 million in 2016. In the past five months, the number of employees in the company has increased from 80 to 200.
By Mary Liu
Tags: Bitso,Brazil,Coinbase,Funding,Kaszek Ventures,Pantera Capital,QED Investors
Link: Crypto Exchange Bitso Snags $62M New Funding To Expand The Brazilian Market [Copy]
