According to the latest announcement, after almost 5 years of operation, token sales and exchange platform CoinList has just completed the first Series A funding round and raised $ 100 million. That round of negotiations raised the company’s valuation to $ 1.5 billion.
CoinList raised $ 100 million worth $ 1.5 billion
CoinList is a 2017 San Francisco-based exchange that provides a platform for crypto projects to list tokens and raise funds from the public. The company has enabled the token sale of well-known projects such as Solana (SOL), Flow (FLOW), Filecoin (FIL), Algorand (ALGO) and Mina Protocol (MINA). Last year, CoinLis also launched a cryptocurrency exchange, CoinLis Pro, with custody and staking services.
Accordingly, VC and Agman Partners led the financing round together with Alphemy Capital, Taavet + Sten, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, GoldenTree Asset Management and Metaplanet.
As part of the agreement, Agman founder and CEO Scott Silverman also joined CoinList’s board of directors.
CoinList users span the globe, but said the company saw more growth in Asia, Europe and the Middle East over the past year. CoinList currently has a total of more than 5 million registered users, including CoinList Pro users.
Thanks to the growth of the crypto market in 2021, the company has great success. As announced by CEO Graham Jenkins, the number of registered accounts is currently 4.5 million users, 44 times more than in the same period last year. The monthly trading volume on the platform regularly reaches $ 1 billion. Currently, up to 2.6 billion US dollars in cryptocurrencies are used and 370 million US dollars are lent on CoinList.
Accordingly, the newly collected money is sufficient for the company for at least the next 18 months. The company is also making significant profits and may not need to raise additional capital.
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