Crypto-custody specialist Cooper raises $ 8 million

Cooper, a British startup specializing in retention d‘Digital assets for institutional investors, collected $ 8 million.

In a Series A funding round led by Target Global and supported by venture capital companies Auto1, Delivery hero, Wefox and Rapyd, the London custodian has raised $ 8 million.

Founded in 2018, Cooper will use the funds raised to accelerate its international growth, particularly in the USA and Asia, as well as to strengthen its team and develop new products.

This round of financing is a real vote of confidence on the part of investors. Their support will allow us to accelerate our expansion, hire in key regions and launch new products and services, ”said Dmitry Tokarev, CEO and founder of Copper, in a statement.

Today's announcement follows the recent launch of the Digital Gold Institutional by Nickel Digital Asset Management. The bottom Bitcoin, which aims to raise more than a billion dollars, is secured by Cooper and the crypto-subsidiary of the giant Fidelity Investement.

Unlike many startups in the cryptocurrency market, Copper is designed for asset managers by asset managers, "added Mike Lobanov, managing partner at Target Global.