Crypto processing company BCB Group has raised investments of $60 million

The investment round has become one of the largest in the industry, the company said

26.01.2022 - 09:05

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What’s new? BCB Group, a UK-based crypto processing company, has announced the successful completion of its Series A funding round. The total amount of funds raised was $60 million.

BCB Group is delighted to announce today that it has closed a Series A funding round co-led by @FoundationCap. This is the largest Series A funding round for a company in the blockchain industry in the UK. Find out more: https://t.co/0rE9Wr2ORJ pic.twitter.com/UzDl8JKuas— BCB Group (@BCBcrypto) January 25, 2022

“We are delighted to announce that we have closed a Series A funding round, led by Foundation Capital. This is one of the largest rounds in the UK blockchain industry.”

Who participated? In addition to Foundation Capital, investments in BCB Group were made by Pantera, Nexo, Rockaway Blockchain Fund, L1 Digital, Blockchain.com Ventures, BACKED VC, Circle, PayU, North Island Ventures, and others.

What will the funds be used for? BCB Group’s representatives have announced plans to expand the company’s activities to other regions and countries. The main goal is to connect the global cryptocurrency industry to banking. In addition, the company will consider buying stakes from “critical infrastructure partners.”

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