Crypto custodian Finoa raises $15 million in strategic funding round at flat valuation of $100 million

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Crypto custodian Finoa raises $15 million in strategic funding round at flat valuation of $100 million

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Tracy D'souza theblock

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Jan 11, 2024 0 min read

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Finoa, a Germany-based crypto custodian and staking services provider focused on serving institutional clients, raised $15 million in a strategic funding round co-led by Maven 11 Capital and Balderton Capital. Other investors in the round included Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars, Finoa said Tuesday. The equity round began in June last year and closed in December, Christopher May, co-founder and co-CEO of Finoa, told The Block in an interview. Finoa was initially looking to raise $5 to $6 million in the round from existing investors but ended up raising more, given the interest from external investors as the firm recently returned to profitability, May said.

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Original article: theblock

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Crypto custodian Finoa raises $15 million in strategic funding round at flat valuation of $100 million

Crypto custodian Finoa raises $15 million in strategic funding round at flat valuation of $100 million

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