Venture Capital news

Auto Added by WPeMatico

SA Company Wins $50-Million in Africa’s “Largest-Ever” Crypto Raise

SA Company Wins $50-Million in Africa’s “Largest-Ever” Crypto Raise

VALR.com, a cryptocurrency exchange headquartered in South Africa, today announced that it has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million. VALR’s oversubscribed Series B equity funding round was led by Pantera Capital with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures,…