Tech Company Financing Transactions
Transak Funding Round
Transak closed a $20 million Series A funding round on 5/31/2023. Investors included CE Innovation Capital, Animoca Brands and Axelar.
Transaction Overview
Company Name
Announced On
5/31/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
The new capital will be used toward a continued global expansion and to help build out the onboarding solutions, including those for Web3 games and financial applications, according to a press release provided to CoinDesk.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
450 Broadway 5th Floor
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Undisclosed
Website
Email Address
Overview
Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable web3 platforms to onboard users to 130+ crypto assets from 150+ countries, abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak's On/Off-Ramp widget can be integrated into an app in just a few lines of code. Transak is backed by top VCs, including Consensys, Animoca Brands and graduated from the Tachyon accelerator program.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sami Start
Chief Operating Officer
Siraj Uddin
Co-Founder
Yeshu Agarwal
Browse more venture capital transactions:
Prev: 5/31/2023: Cortex venture capital transaction
Next: 5/31/2023: CoreWeave venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs