One of Europe’s fastest growing digital currency exchanges Coinmetro has closed an interim funding round of EUR 7million, valuing the company at EUR 180million.
The community-driven exchange has become a go-to platform for jaded customers from some of the more established cryptocurrency platforms, with a customer-first strategy that drove 300% growth in the US last year off the back of seed investment.
The interim funding round is a forerunner to a Series A round currently set to take place in Q1 of 2023. The full EUR 7 million came from three angel investors, and over 100 existing shareholders, who not only take a 4% stake in the business. Coinmetro is now valued at EUR 180million, a three-fold increase on the previous valuation of approximately EUR 60million in 2021.
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