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Canada’s Leading Bitcoin Platform, Shakepay, Closes $44M Cad (842Btc) In Series A

PRIVATEJan 20, 2022over 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.

Company Information

Company

Shakepay

About

bitcoin. By accelerating its widespread adoption, their mission is to help usher in a Bitcoin Golden Age.

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Funding Insights

Based on industry data
Typical 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

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