Bitcoin Suisse has closed a successful Series A financing round, raising a total of 45 million Swiss francs in fresh capital in the process. The financing round was led by Roger Studer, the former Head of Investment Banking at Vontobel. Studer was also elected to join the Board of Directors of Bitcoin Suisse in the summer. In addition to Studer, other private investors were also involved in the financing round.
The valuation of the company based in Greater Zurich Area now stands in excess of 302 million Swiss francs, as detailed in a press release. “Seven years after founding our company, we are firmly on track to become the first European unicorn in the digital asset industry”, comments Niklas Nikolajsen, Chairman of the Board and Founder of Bitcoin Suisse. The term “unicorn” denotes a start-up with a market value in excess of one billion US dollars.
Bitcoin Suisse is planning to use this fresh capital to scale its platform, among other measures, states Arthur Vayloyan, CEO of Bitcoin Suisse. In addition, a new portfolio of crypto, financial and digital asset services is expected to be launched. Last but not least, the company will also be seeking to drive forward its international growth plans.
“Technology is at the heart of our business model. We will therefore continue to invest in our platform to provide our clients with state-of-the-art solutions and serve as a safe access point to the digital asset universe”, concludes Vayloyan in the press release.