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July 27, 2020

Crypto broker Bitcoin Suisse secures CHF45m Series A investment

Crypto brokerage firm Bitcoin Suisse has raised around CHF45m ($48.9m) in a Series A funding round led by ex-Vontobel investment banking head Roger Studer.

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Studer was joined by private investors and strategic business partners in the round.

The infusion takes the firm’s valuation to CHF302.5m.

Studer now has a seat on the Bitcoin Suisse board alongside Giles Keating.

Keating was formerly the global chief economist for investment banking and private banking at Credit Suisse.

Separately, Bitcoin Suisse said it will hire Markus Perdrizat as its head of custody and the CEO of its subsidiary Swiss Crypto Vault in August.

Perdrizat was previously in charge of blockchain risk assurance practice at PwC Switzerland.

Meanwhile, Philipp Vonmoos, ex-CEO of Swiss Crypto Vault, will now be the head of Corporate Development & Strategy at Bitcoin Suisse.

Vonmoos will be tasked with coordinating preparations for the firm’s public listing.

Bitcoin Suisse CEO Arthur Vayloyan said: “The strength of our business model has so far allowed us to finance our ambitious growth strategy with our own revenues and cash flow. Taking advantage of a unique market opportunity, we will now further accelerate our growth.

“The proceeds from the capital increase will be used to scale our platforms and products, launch a new suite of crypto-financial and digital asset services, and seize opportunities to expand our international regulated footprint.

‘We are convinced that our integrated service offering will enable us to gain new client segments, introduce them to the digital asset space and unlock the potential for cross-selling.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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