Relai Raises $4.5 Million To Ramp Up Crypto Platform

Mar 06, 2023•over 2 years ago

Amount Raised

$4.5 Million

Round Type

seed

ZurichBitcoinCryptocurrencyBlockchainFintechE Commerce

Investors

Fulgur VenturesRedalpineLightning VenturesCabrit CapitalTimechainGoldman Sachs, New YorkEgo Death Capital

Description

Swiss Bitcoin platform, Relai has raised $4.5 million to strengthen its grip on the crypto onramp market

Company Information

Company

Relai

Location

Zurich, Zurich, Switzerland

About

Relai is a bitcoin-only app from Switzerland. Buy Bitcoin instantly and hold your own keys. Join 50,000 others using Relai and start your bitcoin journey. Driven by the belief that Bitcoin is the best way to save money, Relai is raising a new generation of long-term investors by giving them simple, user-friendly, and secure access to Bitcoin. Founded in Switzerland by Julian Liniger and Adem Bilican after they struggled to find a safe, hassle-free space for buying bitcoin, Relai is making bitcoin saving and investment accessible for everyone. The bitcoin-only app is simple and intuitive, enabling anyone to buy and sell bitcoin within minutes, with no need for registration, verification, or deposits.

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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