Cryptocurrency financial services company BCB Group is raising a Series B funding round at a valuation of $200 million

2023-02-23 08:26:44

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ChainCatcher news, the crypto financial services company BCB Group is raising funds through convertible notes. According to insiders, these notes will convert into future Series B equity financing, with a pre-money valuation cap of $200 million. The founder and CEO of BCB stated that the Series B round has currently raised over $20 million and plans to close this round of financing in early March.

Founded in 2017, BCB Group provides services such as payments, liquidity, and custody for crypto companies including Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini, Huobi, and Kraken. According to RootData, BCB Group completed a $60 million Series A financing last January, which was the largest Series A financing in the UK blockchain industry at that time. Current investors in the company include Pantera Capital, Blockchain.com Capital, Nexo, Wintermute, and Circle. (The Block)

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BCB Group investment and financing

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