Crypto Finance AG raises CHF 14m in its Series B

Crypto Finance AG, which builds technology solutions for the crypto asset space, has scored CHF 14m ($14.4m) in its Series B.

The capital injection brings the company’s total equity raised to CHF 36m ($37m).

Swiss investor Rainer-Marc Frey and Asia-based private equity fund Lingfeng Capital co-led the round. Commitments also came from investors spanning Europe and Asia, including QBN Capital.

This equity round will help the company continue its growth plans, despite the difficulty the COVID-19 pandemic presents, the company said. Funds will also be used to support the international expansion of the platform and development of new products and services.

Crypto Finance supplies institutional and professional investors which facilitate the asset management, brokerage and storage of crypto assets. Its technology

Lingfeng Capital partner Ming Shu said: “The team at Lingfeng is very impressed with the Crypto Finance AG management and operations. This opportunity brings us exposure to the promising crypto asset FinTechs working within the regulatory framework and a partner with traditional finance sector experience. We look forward to building a bridge between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes.”

As part of the deal Shu will join the Crypto Finance board of directors.

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