Funding round
Coinmerce Series A
Coinmerce, which works in financial services in Haarlemmermeer, raised $12M in a Series A round announced on 3 Aug 2017, led by Northzone. 3 firms took part, 2 of them already investors. It is Coinmerce's second venture round on record; the one before was a Seed in Jul 2016.
$12M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Coinmerce did not disclose a valuation in this round. It came 13 months after Coinmerce's Seed. It is 2.3% of the $524M Coinmerce has raised in the venture rounds on record. Coinmerce raised again 17 months later: a Series B round of $40M in Jan 2019. Its next priced round, a Series C in Jan 2020, valued it at $500M.
Coinmerce's funding rounds
Coinmerce has 6 venture rounds on record. This one is highlighted.
- Seed 12 Jul 2016 $2.3M
- Series A this round 3 Aug 2017, led by Northzone $12M
- Series B 16 Jan 2019, led by Index Ventures $40M
- Series C 20 Jan 2020, led by Accel $75M$500M post-money
- Series D 18 Jan 2021, led by Index Ventures and Meritech Capital $125M$1.70B post-money
- Series E 12 Oct 2021, led by Greenoaks $270M$6.30B post-money
Investors
Who put money in
Northzone led the round with 2 other firms. Global Founders Capital and Picus Capital had backed Coinmerce before.
Lead investor
- backs 104 venture-backed companies new investor
Also in the round
- backs 295 venture-backed companies existing investor
- backs 108 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
9 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $5.0M, and this round was 2.4 times the median. The closest in time, other companies' Series A rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 25 Jul 2017 | $815K | not disclosed | not named |
| Cryptocurrency | 29 Mar 2017 | $10M | not disclosed | Earlybird |
| Cryptocurrency | 1 Jan 2018 | $10M | not disclosed | Andreessen Horowitz and Polychain |
| Cryptocurrency | 3 Jan 2017 | $1.9M | not disclosed | Huiyin Blockchain Venture |
| Cryptocurrency | 31 May 2018 | $10M | not disclosed | IDG Capital |
| Cryptocurrency | 24 Oct 2016 | $5.0M | not disclosed | Accion Frontier Inclusion Fund and Quona Capital's Accion Frontier Inclusion Fund |
| Cryptocurrency | 28 Sep 2016 | $2.5M | not disclosed | Monex Group |
| Cryptocurrency | 16 Aug 2018 | $23M | not disclosed | Tribe Capital and Social Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Coinmerce raise in its Series A round?
Coinmerce raised $12M in its Series A round, announced in Aug 2017.
Who led Coinmerce's Series A round?
Northzone led it, with Global Founders Capital and Picus Capital.
What was Coinmerce's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Cryptocurrency?
9 Series A rounds in Cryptocurrency within a year either side disclosed an amount; the median was $5.0M, and this round was 2.4 times the median.
Did Coinmerce raise again after this round?
Yes: a Series B round in Jan 2019 of $40M.