Estonian crypto exchange Coinmetro raises €7M and is now valued at €180M
08 November, 2022, 13:32
Tallinn-founded digital cryptocurrency exchange Coinmetro has raised €7 million in a recent funding round. According to the company, the funding brings its valuation to €180 million, Tech.eu reports.
- Founded in 2017 by Kevin Murcko, Coinmetro is a financial currency exchange platform fueling the future of blockchain innovation. The company offers a unique financial ecosystem, bridging the gap between traditional finance and blockchain technology.
“After a peculiar year for cryptocurrencies, as indeed for most currencies, we are expecting further volatility ahead, but there is growth to be had for those that understand the market dynamics and can see where the next phase of crypto’s evolution will come from,”Kevin Murcko, CEO at Coinmetro, comments.
- The company states that the funding came from three angel investors, and over 100 existing shareholders, “who not only take a 4% stake in the business”. It is not clear yet, what that “not only” means.
“We have no shortage of ideas and are looking forward to making them real for our growing community over the months and years to come. This latest funding round gives us the financial clout to do just that,”Kevin adds.
- The fresh funding becomes the next step before the Series A round set to take place in Q1 of 2023. It will be aimed at scaling up operations across continental Europe, the UK, and the US.