Bit2Me, the leading Spanish digital asset company registered with the Bank of Spain, recently announced a closing investment of €14 million.
This round of investment was led by global alternative investment leader Investcorp and saw significant contributions from Telefónica Ventures, Stratminds VC, Cardano, and YGG fund.
The funding round brings in €14m from various leading investors. Investcorp, with over $50bn in assets under management, led the round, with Telefónica Ventures, Stratminds VC, Cardano through Adaverse, and YGG fund, with its CEO Gabby Dizon, also making significant contributions.
The investments mark an important move for investors in a ‘crypto winter’ phase, where investors lean towards mature, stable companies holding strong market positions.
Bit2Me provides a comprehensive platform for trading and managing digital assets, ensuring the highest standards of quality and security. The company was recently awarded the 2022 Expansión Compliance Award, signifying their compliance with the ISO/IEC 27001 Information Security Certification and agreements with Ledger Enterprise and Prosegur Crypto.
Bit2Me plans to utilise the newly acquired funds to drive their mission: the global adoption of cryptocurrencies. The investment will help them to consolidate their position as Spain’s leading digital asset exchange and speed up their expansion into Latin America. This move aims to increase their customer base and solidify their role as a key player in the international Web3 sector.
Additional information revealed that Telefónica Ventures converted their previous investment announced last year to partake in this round. The company had received backing from Inveready, the top-return fund in Spain with €1bn in assets under management.
Leif Ferreira, co-founder and CEO of Bit2Me, shared his vision for the company, saying, “For over 2 years, we have been working to improve our platform to achieve the highest levels of quality and product portfolio, while at the same time maintaining the highest levels of regulatory compliance and protection of our customers’ assets. This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”
Bit2Me has had a successful journey so far, with Koh Onozawa, Co-CEO of Bit2Me, commenting, “As with our initial funding round, this marks a significant milestone for Bit2Me, and it is only the beginning of many future developments. We are working on incorporating new strategic investors aligned with the company’s innovation philosophy and soon, other well-known investors will also join our projects.”
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