Funding round
Coinmerce Series B
Coinmerce, which works in financial services in Haarlemmermeer, raised $40M in a Series B round announced on 16 Jan 2019, led by Index Ventures. 3 firms took part. It is Coinmerce's third venture round on record; the one before was a Series A in Aug 2017.
$40M
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 17 months after Coinmerce's Series A. It is 7.6% of the $524M Coinmerce has raised in the venture rounds on record. Coinmerce raised again 12 months later: a Series C round of $75M in Jan 2020, at $500M post-money.
Coinmerce's funding rounds
Coinmerce has 6 venture rounds on record. This one is highlighted.
- Seed 12 Jul 2016 $2.3M
- Series A 3 Aug 2017, led by Northzone $12M
- Series B this round 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
Index Ventures led the round with 2 other firms.
Lead investor
- Index Ventures backs 353 venture-backed companies new investor
Also in the round
- backs 104 venture-backed companies new investor
- backs 295 venture-backed companies new investor
Joined the board: Martin Mignot (Index Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 12 Sep 2018 | $15M | not disclosed | not named |
| Anchorage Digital Cryptocurrency | 10 Jul 2019 | $40M | not disclosed | Blockchain Capital and Visa |
| Paxos Cryptocurrency | 31 May 2018 | $65M | not disclosed | Liberty City Ventures and RRE Ventures |
| Cryptocurrency | 4 Apr 2018 | $10M | $100M | ZHONGYUNHUI Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Coinmerce raise in its Series B round?
Coinmerce raised $40M in its Series B round, announced in Jan 2019.
Who led Coinmerce's Series B round?
Index Ventures led it, with Northzone and Global Founders Capital.
What was Coinmerce's valuation at the Series B round?
It was not disclosed.
Did Coinmerce raise again after this round?
Yes: a Series C round in Jan 2020 of $75M at $500M post-money.