Vauld raises $25 mn in funding from Valar Ventures, others

PTIUpdated: Thursday, July 29, 2021, 07:25 PM IST
article-image
Vauld is a global platform for building wealth with crypto | NikolayFrolochkin

Vauld, a global platform for building wealth with crypto, on Thursday said it has raised $25 million (about Rs 185.7 crore) in funding led by Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, Cadenza Capital, and others also participated in the Series A round, a statement said.

The funding will be used to support the company's international growth and licensing as well as expand its retail crypto banking and investing platform, it added.

The company has raised $27 million in total since its inception.

"This capital will help propel Vauld to the next level. We built a platform that is truly user-first and we are humbled that Valar Ventures shares in our vision,” Vauld co-founder and CEO Darshan Bathija said.

Vauld will leverage the capital to build out its team and fill at least 100 new roles, and further its global expansion, as per the statement.

"While Vauld is headquartered in Singapore, the majority of our team is in India, and we've seen more than 200x growth in our global user base over the last year,” Bathija said.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Supreme Court issues directions to trial courts to safeguard victims

Supreme Court issues directions to trial courts to safeguard victims

Thane Creek gets 'RAMSAR' status; will boost tourism, create job opportunities

Thane Creek gets 'RAMSAR' status; will boost tourism, create job opportunities

Daily Horoscope for Sunday, August 14, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Daily Horoscope for Sunday, August 14, 2022, for all zodiac signs by astrologer Vinayak Vishwas...

Mumbai Traffic Police issue advisory ahead of Independence Day, click here for details

Mumbai Traffic Police issue advisory ahead of Independence Day, click here for details

700 robbery at knifepoint: 5 men set free after 5 years by Bombay HC

700 robbery at knifepoint: 5 men set free after 5 years by Bombay HC