Crypto platform Xangle lands $17m in Series B haul

Xangle, a crypto data and research platform, has scored $17m in a Series B investment round led by KB Investment, Shinhan Capital, Premier Partners and IMM.

Xangle – a part of the wider CrossAngle company – noted that amongst its investors, Shinhan Capital entered a strategic partnership with Xangle. The two firms are aiming to launch crypto-related services that are expected to be available on each firm’s platform.

Founded in 2018, Xangle is a global crypto assets platform based in South Korea. Xangle is behind the Xangle Crypto Rating, a full business audit report for crypto projects used by exchanges, corporations and institutions such as the Korean Commercial Banks to Evaluate Cryptocurrency Exchanges.

Since its inception, CrossAngle has raised around $4m through a Series A funding round prior to this recent raise.

Junwoo Kim – co-CEO of Xangle – said that crypto assets are being accepted as investments, not speculative assets with new areas like the Metaverse, NFTs and DeFi continuing to solidify their utility.

CrossAngle claims it will continue to strengthen and develop new and existing areas of service to build a globally leading presence and pursue its efforts in cultivating global talent as well.

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