January 29, 2025
This week, Cryptio, a provider of enterprise-grade financial solutions for the crypto industry, announced an extension to its Series A funding round, bringing its total raise to $25 million. The $15 million extension was led by Alven Capital, with participation from a range of new and existing investors, including 1kx Network, Ledger, Cathay Innovation, BitGo Ventures, and Charlie Songhurst. Continuing their support for the company, investors Point Nine Capital, Blueyard, and Tim Draper also joined the round.
Founded to address the financial back-office challenges of cryptocurrency institutions, Cryptio has made significant strides in the last 18 months. The company expanded its team across key global locations, including New York, London, and Paris, and formed strategic partnerships with major industry players such as KPMG, Circle, Uniswap, and Gemini. Cryptio’s solution helps organizations in the crypto space navigate the complexities of financial reporting and compliance, with a growing demand for such services as the regulatory landscape evolves.
With the new funding, Cryptio aims to continue advancing its mission of boosting financial integrity in the crypto sector. The company sees the repeal of #SAB121 and the growing range of institutional products as catalysts for its solutions' adoption. The company is well-positioned to lead the charge in developing solutions that enable institutions to manage their crypto transactions with confidence, ensuring compliance in an increasingly regulated environment.
About Cryptio
Cryptio provides financial reporting and compliance solutions for crypto institutions. The company’s platform allows businesses in the crypto industry to manage their back-office operations effectively, ensuring transparency and regulatory compliance. Cryptio has expanded across major cities including New York, London, and Paris, and partners with leading industry players such as Circle, Uniswap, and Gemini.
Website: https://cryptio.co/
X: @cryptio_co
About Investor
Alven Capital
Alven Capital is a venture capital firm focused on investing in early-stage tech companies. It seeks to identify high-growth startups in sectors like FinTech, AI, and blockchain. The firm has backed a range of transformative companies and has established itself as a key player in European venture capital.
Location: Paris, France
Website: https://alven.co/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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