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Cryptourrency Custodian Copper Raises $8M for Expansion Overseas

Janelle Fox

Summary: Copper, the cryptocurrency custody provider, has raised $8 million in a Series A round, which it plans to use launching in new markets. The firm recieved funds from two U.K.-based venture capitals, LocalGlobe and MMC Ven`tures, as well as the Berlin-based Target Global, which specializes in investing in European companies so they can fund global ...

Copper, the cryptocurrency custody provider, has raised $8 million in a Series A round, which it plans to use launching in new markets.

The firm recieved funds from two U.K.-based venture capitals, LocalGlobe and MMC Ven`tures, as well as the Berlin-based Target Global, which specializes in investing in European companies so they can fund global expansion, according to a Monday announcement.

The London-based startup will use the funds to develop a presence in key regional areas, such as Asia and North America, as well as improving its offering to feature more sophisticated trading facilities found in traditional prime brokerage offerings.

By Janelle Fox

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Link: Cryptourrency Custodian Copper Raises $8M for Expansion Overseas   [Copy]
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