CryptoSafe Ltd., a London, UK-based blockchain project focused on enhancing capital efficiency in the cryptocurrency market, closed its latest funding round, securing $20m at a valuation of $95m.
Backers included VentureX Capital, NexTech Ventures, and Blockchain Innovations Fund.
The company intends to use the funds for further growth, innovation, and market expansion. The key areas of focus include:
1. Research and Development:
A substantial portion of the funds will be directed toward enhancing CryptoSafe’s technological infrastructure and capabilities. This includes investments in technologies, cybersecurity measures, and software improvements to ensure the platform remains at the forefront of the industry.
2. Market Expansion:
CryptoSafe aims to leverage the newly acquired funds to expand its market presence both domestically and internationally. The company will focus on increasing its user base, strengthening partnerships, and exploring new business opportunities.
3. Talent Acquisition:
To support its expansion plans and maintain a competitive edge, CryptoSafe will invest in recruiting top-tier talent across various departments. This includes hiring experienced professionals in technology, cybersecurity, marketing, and customer support.
4. Enhanced Customer Experience:
The funds will be channeled into improving the overall customer experience. This encompasses refining user interfaces, implementing customer feedback systems, and ensuring that CryptoSafe remains user-friendly and customer-centric.
5. Compliance and Security Measures:
CryptoSafe will use a portion of the funds to bolster compliance measures and fortify its security protocols.
Led by Borhes Antonio Feitoza, CryptoSafe is a blockchain project focused on enhancing capital efficiency in the cryptocurrency market. The mobile application provides real-time market data, portfolio management, and secure trade execution. On the other hand, the CSvision Analytical Platform offers advanced charting, algorithmic analysis, risk management tools, and customizable dashboards for in-depth market analysis.
FinSMEs
24/01/2024