Cryptocurrency custody platform Copper raised $196 million in Collection C funding, after a lack of $15.95 million in 2021.
In keeping with the corporate filing with the UK authorities, London-based crypto custodian Copper Applied sciences has raised $196 million in recent capital this 12 months.
The extra cash is a part of the corporate’s ongoing Collection C funding spherical. The remaining $196 million got here from a convertible mortgage be aware and $181 million from new and present stockholders.
The corporate’s value remained unknown, and the company recorded a lack of $15.95 million in 2021, up from $4.1 million in 2020. The corporate didn’t reply shortly to a request for remark.
Copper is presently searching for a typical voice with the anti-money laundering (AML) regulatory authorities, making use of for a license to function as a authorized cryptocurrency service supplier within the UK.
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