CoinList collects $9.2m in its initial funding round

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain investing platform CoinList has collected $9.2m in its initial funding round.

Contributions to the round came from Polychain Capital, Digital Currency Group, FBG Capital, Libertus Capital, Blockchain Capital, CoinFund and Electric Capital. The $9.2m figure includes a previous undisclosed investment from Accomplice and Protocol Labs.

Launched in 2017, CoinList provides a platform for technology companies to manage their token sales and help accredited investors back safe opportunities. CoinList also enables companies to conduct AML and KYC checks on all potential investors, and verify the accreditation status of investors pursuant to US securities laws.

Over the past seven months CoinList has processed over $400m in cryptocurrency investments through the platform, according to the company. It also supported Filecoin’s $205m ICO, one of the largest ICOs of 2017.

Capital from the round will be used to hire more staff to its compliance, operations, engineering, product development and sales teams. Proceeds will also be used to support its current products and launch new services over the next few months.

Digital Currency Group founder and CEO Barry Silbert said, “As we continue to see outsize interest in cryptocurrency and blockchain technologies, CoinList has emerged as a leader that has uniquely developed credibility with the three most important stakeholder groups – entrepreneurs, investors and regulators. In CoinList, we’ve invested in the right team with the right technology and brain trust at the right time.”

Earlier In the year, Digital Currency Group took part in the $75m Series B funding round of cryptocurrency wallet Ledger. The company, which provides consumers with a secure platform to store cryptos, is looking to expand its presence globally.

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