📣 News: Sygnum raises more than USD 40 million in interim close of oversubscribed financing round
▪️ Proceeds from this financing round will be used to expand into new markets and further extend the suite of regulated products and services.
▪️ The round is oversubscribed and, as of this interim close, has already raised more than USD 40 million against the company’s original ~USD 35 million target, with Azimut Holding, a global asset management group, as the lead investor
▪️ This latest fundraise came on the back of Sygnum’s strong financial and operational performance, and expanded regulatory footprint, which has been achieved during the “crypto winter”. Sygnum closed 2023 with a USD 100M+ annualised revenue run rate and achieved positive cash flow in Q4.
Mathias Imbach, Co-Founder and Group CEO says: “Closing a successful funding round in this macro environment with such strong partners is exciting, and we are thankful for our investors’ trust in us. Our core thesis has always been that Future has Heritage, and our strategy to build trust via regulation and good governance has guided us throughout all market cycles. We look forward to continuing to empower everyone everywhere to own digital assets with complete trust."
Read the full announcement here: https://lnkd.in/g3Skad3M
Sygnum Bank: Mathias Imbach, Gerald Goh, Peter Wuffli, Gabriela Maria Payer, Dr., Luka Müller, Manuel Krieger, Martin Burgherr, Dom Castley MBA MCIM, Fritz W Jost , Arnold Sternberg
Azimut Italia: Giorgio Medda
#fundraising #digitalassets