What is Copper?
Copper operates as a sophisticated provider of institutional-grade custody solutions, specifically engineered for crypto funds and professional investors. The company facilitates a comprehensive range of investment strategies, ensuring secure asset management within the volatile digital currency market. Beyond its core crypto-custody offerings, Copper is strategically positioning itself to integrate fiat currency custody, thereby bridging the gap between traditional finance and the burgeoning decentralized asset class. This dual-focus approach allows the firm to serve as a foundational pillar for institutional participants requiring high-security, compliant, and scalable infrastructure for their digital portfolios.
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 MMC Ventures and Target Global
Series B (2021): $50M led by Dawn Capital, MMC, Illuminate Financial, LocalGlobe, and Target Global
Series C (2022): $196M supported by Target Global and Dawn Capital
Key Investors in Copper
Target Global
A leading pan-European technology investment firm managing over 3 billion in assets, specializing in supporting companies from pre-seed to pre-IPO stages.
Dawn Capital
A venture capital firm focused on backing ambitious founders building leading business software companies across Europe with deep sector expertise.
Illuminate Financial
A thesis-driven venture capital firm focused on fintech and enterprise software companies defining the future of financial services.
What's next for Copper?
Looking ahead, Copper is poised to leverage its recent capital infusion to accelerate product development and broaden its service suite. The strategic roadmap likely includes the expansion of its fiat custody capabilities, a move that will significantly enhance its value proposition for institutional clients seeking a unified platform for both digital and traditional assets. As the regulatory environment for crypto-assets matures, Copper's focus on security and compliance will remain a key competitive advantage. The firm is expected to continue scaling its global operations, deepening its integration with major financial institutions, and refining its technological stack to support increasingly complex investment strategies in the digital economy.
See full Copper company page
