Cryptocurrency company Qredo has raised investments of $80 million

The startup’s valuation at the end of the Series A round exceeded $460 million

07.02.2022 - 09:55

122

1 min

What’s new? Qredo, a startup focused on developing infrastructure for the digital asset area, has announced the successful completion of its Series A funding round. In total, the company managed to raise $80 million from major funds and investors.

The secret's out 🙌 📣Qredo has raised a whopping $80M in one of the largest Series A rounds in crypto to date - giving us the resources to supercharge Qredo's growth 🚀Led by @10TFund, including investors @Coinbase, @Terra_money, & @avalabsofficial💡https://t.co/3VGXp9aV1z pic.twitter.com/8sdrF34rwH— Qredo (@QredoNetwork) February 4, 2022

“The secret's out. Qredo has raised a whopping $80 million in one of the largest Series A rounds in crypto to date.”

Who participated? The round was led by 10T Holdings. Other participants include funds such as Raptor Group, Coinbase Ventures, GoldenTree Asset Management, Terra, HOF Capital, Avalanche, and Kingsway Capital.

What will the funding be used for? The funds raised will be used to further expand the company and refine existing products. According to a press release, Qredo’s main goal is to open new opportunities for institutional investors in the cryptocurrency and decentralized finance area.

Author: