Tech Company Financing Transactions
Coinflow Labs Funding Round
CMT Digital Ventures, Digital Currency Group and DraperDragon participated in a $2.3 million Seed venture round for Coinflow Labs. The round was announced on 5/28/2024.
Transaction Overview
Company Name
Announced On
5/28/2024
Transaction Type
Venture Equity
Amount
$2,250,000
Round
Seed
Investors
Proceeds Purpose
The funding will enable the company to further service more merchants in additional verticals, expand jurisdictions, further develop the product, and hire additional key team members.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
167 N Green Street Floor 10
Chicago, IL 60607
USA
Chicago, IL 60607
USA
Phone
Website
Email Address
Overview
Coinflow is a payment solution that allows Web3 companies to accept traditional payment methods and payout their customers by converting cryptocurrency to USD in their traditional bank account. Coinflow's primary use-case is helping games, wallets, and similar Web3 products onboard non-crypto native customers with familiar, more traditional payment flows while Coinflow handles all of the infrastructure behind the scenes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Dev
Chief Technical Officer
Ben Meeder
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We do our best to report on all VC transactions involving tech companies. VC transactions reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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