Bitcoin financial services firm Unchained Capital has raised $60 million in a Series B funding round led by Valor Equity Partners. The funding will be used to acquire clients, improve the company’s core suite of financial services and expand its product offerings.
Facts
- Bitcoin financial services firm Unchained Capital has raised $60 million in a Series B funding round.
- The funding round was led by Valor Equity Partners, with participation from NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners.
- The firm cut its headcount by 15% during last year’s crypto winter.
- Unchained’s collaborative custody model uses bitcoin’s native multisignature capabilities to provide the benefits of self-custody while mitigating its risks.
- Unchained’s platform secures over $2 billion in bitcoin across thousands of keys around the globe.
- The company has originated over $500 million in bitcoin-collateralised loans since 2017, while experiencing zero loan losses.
- The new funding will be used to acquire clients, improve the company’s core suite of financial services and expand its product offerings.
