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Canada’s Leading Bitcoin Platform, Shakepay, Closes $44M Cad (842Btc) In Series A
PRIVATEJan 20, 2022•over 4 years ago
Amount Raised
$44 Million
Round Type
Series A
Financial ServicesSoftwarePayments
Description
Shakepay, a leading Canadian bitcoin technology company enabling customers to easily buy and earn bitcoin through financial applications, today announces a $44M CAD (842BTC*) Series A investment, at a $313M CAD valuation (5986BTC*). The raise is led by QED Investors, a US-based venture capital firm that invests in businesses that disrupt and empower the financial technology industry, funding over 150 successful fintech companies.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech