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CoinMart partners with IDG Capital, raises €2.7M to expand crypto accessibility in Europe

Mar 21, 2024•over 1 year ago

Amount Raised

$2.7 Million

Round Type

seed

AmstelveenFinancial ServicesSoftwareSecurity

Investors

Idg Capital

Description

Netherlands-based CoinMart partners with global investment firm IDG Capital and raises €2.7M to enhance cryptocurrency accessibility and expand its reach across Europe. The funding will be used to develop an advanced AI platform and attract top talent, drive innovation, and navigate forthcoming regulatory changes.

Company Information

Company

Coinsmart

Location

Amstelveen, North Holland, Netherlands

About

CoinMart is a Netherlands-based cryptocurrency platform dedicated to democratizing cryptocurrency investment and trading in Europe, offering safety & security and modest fees.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers