What is Copper?
Copper is a prominent provider of custody solutions for a diverse range of crypto funds and investors, facilitating a comprehensive suite of investment strategies. The company's operational focus is on securing digital assets, with future plans to extend its custody services to include fiat currencies. This expansion indicates a strategic move towards becoming a more integrated financial infrastructure provider within the digital asset ecosystem.
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 MMC, LocalGlobe, Target Global, Dawn Capital, and Illuminate Financial
Series C (2022): $196M supported by Target Global and Dawn Capital
Key Investors in Copper
MMC Ventures
MMC Ventures is a venture capital firm that focuses on funding and scaling technology companies. They have a history of backing transformative tech companies from the Seed and Series A stages since 2000, demonstrating a deep understanding of technology and business models.
Target Global
Target Global is a leading pan-European technology investment firm with over $3 billion in assets under management, investing across all lifecycle stages. They have a portfolio exceeding 140 investments and leverage their experienced team and strategic locations to support entrepreneurs.
Dawn Capital
Dawn Capital is a venture capital firm dedicated to supporting ambitious founders building leading business software companies in Europe. They partner early with companies, offering deep sector expertise to help them scale globally.
What's next for Copper?
The recent major strategic investment in Copper signals a pivotal moment for the company, likely enabling accelerated product development, market expansion, and enhanced security protocols. This capital will empower Copper to further solidify its position in the competitive crypto custody landscape, potentially through strategic partnerships and technological advancements. The company's trajectory suggests a move towards broader institutional adoption of digital assets.
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