Announcing our new €4 million funding round
Today, we are excited to announce we have closed our latest funding round, raising €4 million from Earlybird and coparion. We are now backed by a portfolio of investors who helped nurtured and grow the likes of N26, ShapeShift, and EyeEm. They join our existing family of investors with High-Tech Gründerfonds (HTGF), Digital Currency Group (DCG), and ALSTIN.
This has been an incredible year so far. In the first week of January, we have grown our customer base to over 80,000 people and temporarily suspended our services within the same week. Fast forward a few months later, we partnered up with a German bank to offer blockchain banking, reached over 30,000 people on our waitlist for all-new Bitwala accounts, welcomed 12 new team members, and continued to work hard on our amazing new product that will be launched this November.
”The background and experience of the team convinced us that Bitwala will allow everyone to engage with cryptocurrencies with all the comfort and security of their bank account”
Christian Nagel, partner at Earlybird venture capital
This funding round reflects the investors’ trust in our unique product and team. This is an incredible endorsement of our hard work so far, and we are very excited about the opportunities this investment opens up. This funding round means we can further develop our product and build on our mission to bring crypto-friendly banking to the world, starting in Germany.
”I’m very proud that with our new product we will close the gap between crypto and traditional banking and solve one of the biggest hurdles on the road to mainstream adoption”
Jörg von Minckwitz, President of Bitwala GmbH
This has been an amazing year for Bitwala so far and we can’t wait to get started on what’s next. We’d like to close this announcement with a huge thank you to everyone who has supported and helped us get this far. Thank you for being part of our journey. We couldn’t have done it without you!