Tech Company Financing Transactions
Celsius Funding Round
On 3/22/2018, Celsius raised $50 million in funding from private investors.
Transaction Overview
Company Name
Announced On
3/22/2018
Transaction Type
Token
Amount
$50,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Loan Reserves: $20,209,500. Research + Development: $5,988,000. Lenders' Insurance Pool: $1,996,000. Operations + Management: $6,487,000. Legal + Regulatory: $5,489,000. General + Administrative: $5,489,000. Sales + Marketing: $4,241,500.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
221 River St. 9th Floor
Hoboken, NJ 07030
USA
Hoboken, NJ 07030
USA
Phone
Website
Email Address
Overview
Celsius (Token:CEL) is a new global P2P financial platform that will seamlessly connects holders of crypto-assets with borrowers. It will allow crypto-holders to earn interest on their assets in the form of coins, or get a cash loan against their crypto.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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