What is Copper?
Copper operates at the intersection of traditional finance and the burgeoning digital asset economy, providing sophisticated custody solutions for crypto funds and institutional investors. By offering a comprehensive suite of investment strategy support, the company addresses the critical need for secure, compliant, and efficient asset management. Beyond its current crypto-centric offerings, Copper is strategically expanding its operational scope to include fiat currency custody, positioning itself as a versatile bridge for institutional capital entering the digital asset space. Its market position is defined by a commitment to security, regulatory compliance, and the seamless integration of complex financial workflows.
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 LocalGlobe, Illuminate Financial, Target Global, Dawn Capital, and MMC
Series C (2022): $196M supported by Target Global and Dawn Capital
Key Investors in Copper
Target Global
A pan-European technology investment firm with over 3 billion in assets under management, focusing on companies across all stages of their lifecycle.
Dawn Capital
A venture capital firm dedicated to backing ambitious founders building leading business software companies across Europe.
MMC Ventures
A venture firm that funds and scales technology companies transforming today's markets, with a focus on deep sector expertise.
What's next for Copper?
With the recent influx of capital, Copper is well-positioned to accelerate its product roadmap and geographic expansion. The strategic focus will likely shift toward scaling its custody infrastructure to support the anticipated integration of fiat services, thereby broadening its addressable market. As the regulatory environment for digital assets continues to evolve, Copper's ability to maintain institutional-grade security while facilitating diverse investment strategies will be paramount. The company is expected to leverage its deep-pocketed investor base to enhance its technological moat and solidify its status as a critical piece of infrastructure for the future of global finance.
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