News

Copper Raises $196 Million In Series C Funding Round

Cryptocurrency custody platform Copper raised $196 million in Series C funding, after a loss of $15.95 million in 2021.

According to the company filing with the UK government, London-based crypto custodian Copper Technologies has raised $196 million in fresh capital this year.

The additional money is part of the company’s ongoing Series C investment round. The remaining $196 million came from a convertible loan note and $181 million from new and current stockholders.

The company’s worth remained unknown, and the corporation recorded a loss of $15.95 million in 2021, up from $4.1 million in 2020. The company did not reply quickly to a request for comment.

Copper is currently seeking a common voice with the anti-money laundering (AML) regulatory authorities, applying for a license to operate as a legal cryptocurrency service provider in the UK.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.