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

Thursday 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.

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

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