The funding will enable BCB Group to enter more regions and acquire strategic stakes in critical infrastructure partners
BCB Group has raised $60 million in what the provider of business accounts and trading services for digital assets has called the largest series A funding round for a company in the blockchain industry in the UK.
London-headquartered crypto fintech BCB Group secured the funding from Foundation Capital, with participation from a range of other investors, including BACKED VC, PayU, Digital Currency Group, Nexo, Wintermute and Menai Financial Group.
Existing investors North Island Ventures, Blockchain.com Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital also participated in the round.
BCB Group, which provides a suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, says the funding will enable the fintech to enter more regions and acquire strategic stakes in critical infrastructure partners.
Oliver von Landsberg-Sadie, founder and chief executive officer at BCB Group, comments: “Our mission is to connect and bank the global crypto industry. This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry.”
Angus Davis, general partner at Foundation Capital, adds: “BCB Group enjoys a leadership position at the intersection of crypto and traditional banking, two sectors where Foundation Capital has been an active investor for many years. We are excited to support Oliver and his team’s growth ambition to provide payments, liquidity, custody, yield and other financial services to the growing global ecosystem of crypto-native businesses.”