Crypto exchange BitMart gears up to raise $20 million in series B funding round
Cryptocurrency exchange BitMart is reportedly gearing up to raise about $20 million at a valuation of $300 million. As per the report, Alexander Capital Ventures, may lead its Series B round.
The Cayman Islands-based crypto platform is one of the top exchanges globally, as reflected in its pre-funding valuation. It has offices located in places like Singapore, New York, Hong Kong, and Seoul. As per Crunchbase, it has previously raised $10 million in funding over 2 rounds. Its lead investor was Chinese venture capital firm Fenbushi Capital.
The company was incorporated in 2017 and has reportedly clocked a revenue of $65 million in H1 2021. Currently, it claims to have over 5 million users for its offering of around 600 cryptocurrencies.
BitMart
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