What is Copper?
Copper provides essential custody services for a diverse range of crypto funds and investors, supporting a full spectrum of investment strategies. The company's robust infrastructure is designed to safeguard digital assets, catering to the evolving needs of institutional investors. With plans to extend its custody solutions to fiat currencies in the future, Copper is positioning itself as a comprehensive financial services provider in the burgeoning digital asset ecosystem. Its focus on security and compliance makes it a trusted partner for entities navigating the complexities of cryptocurrency investments.
How much funding has Copper raised?
Copper has raised a total of $254M across 3 funding rounds:
Series A
$8M
Series B
$50M
Series C
$196M
Series A (2020): $8M with participation from Target Global and MMC Ventures
Series B (2021): $50M led by LocalGlobe, Dawn Capital, Illuminate Financial, MMC, and Target Global
Series C (2022): $196M supported by Dawn Capital and Target Global
Key Investors in Copper
Dawn Capital
Dawn Capital is a venture capital firm specializing in backing ambitious founders building leading business software companies across Europe, offering early partnership and deep sector expertise to support global scaling.
Target Global
Target Global is a leading pan-European technology investment firm with significant assets under management, investing across all stages and boasting a portfolio of over 140 companies, including notable tech firms.
MMC Ventures
MMC Ventures focuses on funding and scaling transformative technology companies from Seed and Series A stages, leveraging deep understanding of technology and business models to be effective partners.
What's next for Copper?
The recent major strategic investment signifies Copper's transition into a more mature phase of its corporate lifecycle, likely focused on scaling operations and expanding its service offerings. This capital injection will empower Copper to enhance its technological capabilities, broaden its market reach, and potentially explore new verticals within the fintech and digital asset industries. The company's strategic direction suggests a commitment to solidifying its position as a leader in institutional-grade crypto custody, with an eye toward future integration of traditional financial services.
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