What is Valr?
Headquartered in Johannesburg, South Africa, VALR operates as a comprehensive digital-asset platform, enabling users to seamlessly and securely buy, sell, store, and transfer Bitcoin and a wide array of other cryptocurrencies. The company's mission is to contribute to the development of a financial system that embraces the interconnectedness of humanity. VALR offers a diverse selection of digital assets, positioning itself as a key player in the African cryptocurrency market and beyond.
How much funding has Valr raised?
Valr has raised a total of $54.9M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$3.4M
Series B
$50M
Angel/Seed (2019): $1.5M with participation from Bittrex
Series A (2020): $3.4M led by 10x Group
Series B (2022): $50M supported by CMT Digital, Pantera Capital, Alameda Research, and Cadenza
Key Investors in Valr
CMT Digital
CMT Digital is a global venture capital firm established in 2017, specializing in early-stage investments that promote the adoption of blockchain technology. With over 150 investments in blockchain and crypto-focused businesses, the firm leverages its unique perspective and strong network to support exceptional founders.
Pantera Capital
Pantera Capital is a blockchain focused investment firm that backs founders and digital asset networks, combining venture and hedge strategies to give investors broad exposure to cryptocurrencies, token projects and companies shaping future financial infrastructure.
Alameda Research
Alameda Research was founded in October 2017 and manages significant digital assets, trading substantial volumes across a wide range of digital assets and their derivatives. They operate globally with the capability to trade on all major exchanges and markets.
What's next for Valr?
The substantial enterprise-level funding Valr has attracted, particularly the recent strategic investment, signals a strong confidence from its backers in the company's future trajectory. This capital infusion is expected to accelerate Valr's expansion initiatives, potentially involving the enhancement of its platform features, the broadening of its digital asset offerings, and the strengthening of its market presence both domestically and internationally. The company is well-positioned to capitalize on the growing adoption of digital assets.
See full Valr company page
