Crypto trading platform Voyager Digital raises $60m in private placement

Crypto trading platform Voyager Digital has raised $60m through a private placement of common shares.

This offering was led by Alameda Research, with participation also coming from Galaxy Digital, Blockdaemon, and Digital Currency Group. Shares were priced at $2.34 apiece.

For the brokered portion of the offering, BTIG acted as sole agent and bookrunner.

With these fresh funds, the company hopes to capitalise on its strategic plan, but it did not outline what this is.

Following the close of the investment, the company will have $225m of available liquidity, comprised of $175m in cash and $50m in crypto.

Voyager CEO and co-founder Stephen Ehrlich said, “Deepening our relationships with core leaders in the industry will help us achieve our goals of expanding our staking, rewards and execution programs while assisting with our entry into Web3 and NFTs, all with the vision of bringing the best experience to retail consumers.

“We are well on our way to achieving our goals by educating individual consumers about our easy-to-use platform.”

The US-based FinTech company was founded in 2018 with the aim to bring transparency, cost-efficiency and choice to the cryptocurrency market. Its platform offers a secure way to trade over 100 different crypto assets.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.