Funding

[Funding alert] London-based CryptoSafe Ltd Secures $20Million in Funding

Jan 25, 2024 | By Startup Rise EU

London-based CryptoSafe Ltd secures $20million in funding at a valuation of $95m. Blockchain Innovations Fund, NexTech Ventures, and VentureX Capital were among the backers.

London-based CryptoSafe Ltd secures $20million in funding at a valuation of $95m. Blockchain Innovations Fund, NexTech Ventures, and VentureX Capital were among the backers.

The funds will be utilised by the business to further development, innovation, and market expansion. Among the main areas of attention are:

Read also - London-based OpenDialog Secures over €7 Million in Series A Round Funding

Research & Development: A significant amount of the funding will go into improving CryptoSafe's technological capabilities and infrastructure. To keep the platform at the forefront of the sector, this involves software updates, cybersecurity precautions, and technological expenditures.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Catalan Startup Manina Medtech Secures €1.75 Million in Funding
Startup Rise EU
Jan 4, 2024
recomd
Funding
Bicycle Therapeutics funding news – Medtech Startup Bicycle Therapeutics Secures $555Million in Equity Funding
Startup Rise EU
May 25, 2024
recomd
Funding
[Funding alert] Belgium-based Azumuta Secures €2.8M in Funding For Further International Growth
Startup Rise EU
Oct 6, 2023

Market Expansion: CryptoSafe wants to use the money it recently obtained to increase its market share both locally and globally. The company's priorities will include growing its user base, fortifying its alliances, and investigating fresh business ventures.

Read also - Berlin-based Packmatic Secures €15 Million in Series A Round Funding

Talent Acquisition: CryptoSafe will make an investment in hiring elite personnel for a range of areas in order to support its growth objectives and keep a competitive edge. Hiring seasoned experts in the fields of technology, cybersecurity, marketing, and customer service is part of this.

Improved Customer Experience: The money will be used to make the entire customer experience better. This includes enhancing user interfaces, putting in place mechanisms for gathering input from customers, and making sure CryptoSafe never loses sight of its users' needs.

Compliance and Security Measures: CryptoSafe plans to strengthen its security protocols and support compliance measures with a portion of the funding.

Read also - London-based Metris Energy Secures €2.3 Million in Pre-Seed Funding

A blockchain project called CryptoSafe, headed by Borhes Antonio Feitoza, aims to improve capital efficiency in the bitcoin market. Real-time market data, portfolio management, and safe trade execution are all offered via the mobile application.

For in-depth market analysis, on the other hand, the CSvision Analytical Platform provides sophisticated charting, algorithmic analysis, risk management tools, and customisable dashboards.

Read also - Berlin-based Deeploi Secures €6 Million in Seed Funding

About CryptoSafe

A cutting-edge crowdfunding environment, CryptoSafe connects traders, investors, and entrepreneurs in the cryptocurrency and blockchain space. With the help of our ecosystem goods, you may track the transactions of profitable traders, invest in promising projects, contribute to the creation of blockchain networks, and much more.

Read also - London-based Open API Platform Ozone API Secures £8.5Million in Funding

Recommended Stories for You

story
Funding

[Funding alert] Warsaw Graphic Developer Startup Gotiva Raises €1.11 Million in Seed Funding

Startup Rise EU Jan 19, 2024

story
Belgium

[Funding alert] Leuven-based VaultSpeed Raises €15.1 Million Series A Round Funding

Startup Rise EU Nov 16, 2023

story
Funding

[Funding alert] Amsterdam-based Biotech Startup Cradle Secures $24M in Series A Round Funding

Startup Rise EU Nov 29, 2023

story
Funding

Codesphere funding news – Karlsruhe-based Codesphere Secures €16.5 million in Funding

Startup Rise EU May 17, 2024

story
Belgium

[Funding alert] Ghent-based Introw Secures €1 million in Funding

Startup Rise EU Oct 19, 2023

story
Funding

Storyblok funding news – Austrian-based Storyblok Secures €73.6 Million in Series C Round Funding

Startup Rise EU Jun 4, 2024