RATE Group | London-based cryptocurrency startup Copper.co raises $8m Prolific London
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London-based cryptocurrency startup Copper.co raises $8m Prolific London

17 Feb London-based cryptocurrency startup Copper.co raises $8m Prolific London

Posted at 10:41h in Cryptocurrency News by

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Copper.co, the London-based cryptocurrency startup, has raised $8m in Series A funding.

Copper will use the funds to develop regional client-facing operations in North America and Asia and accelerate the launch of new products.

Investors in the round included investment firm Target Global, which has also backed Auto1 and Delivery Hero; LocalGlobe, which has invested in Zoopla and Transferwise; and MMC Ventures, which backed Gousto and Interactive Investor.

The fund-raise followed a previous seed round that saw Copper raise $1.3m in 2018.

Since launching in 2018, Copper has quickly grown its client base with crypto funds, institutions and HNW private traders.

Dmitry Tokarev (pictured), founder and CEO of Copper, said: “Copper was always designed to be a global offering. Since 2017, we have seen many crypto custody solutions emerge that don’t fully meet the needs of institutions. Instead, they have built for an institutional framework that doesn’t exist yet, and is unlikely ever…

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