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VALR raised $50M in a Series B funding round led by Pantera Capital to expand operations in Africa and emerging markets

PRIVATEMay 02, 2024

Amount Raised

$50 Million

Round Type

Series B

South AfricaBlockchainCryptocurrency

Investors

Pantera Capital

Description

VALR has submitted applications for cryptocurrency operating licenses in Dubai and Mauritius, and has secured authorization to operate in the virtual assets market in Poland. It was also awarded South Africa’s inaugural crypto licenses, aiming to expand globally despite previous regulatory hurdles in other countries.

Quick answer

VALR raised $50 Million in a Series B round, dated May 2, 2024. Investors: Pantera Capital. VALR is based in South Africa.

How much did VALR raise?
VALR raised $50 Million in a Series B round on May 2, 2024.
Who invested in VALR?
Pantera Capital is named as investors in this round.
What does VALR do?
Since its inception in 2018, VALR, a crypto exchange based in South Africa, has expanded to become one of the leading crypto exchanges in the continent.
Where is VALR based and how big is it?
VALR is based in South Africa.
Who are the decision-makers at VALR?
Fundz holds 1 contact at VALR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as VALR that raised within 45 days of this round, from Fundz verified event records.

  • Layer3 raised $15M (Series A) on June 12, 2024.
  • Datalayer raised $500K (Pre-Seed) on June 7, 2024.
  • Mountain Protocol raised $8M (Series A) on June 6, 2024.
  • M0 raised $35M (Series A) on June 5, 2024.
  • Monark Markets raised $2.2M (Seed) on June 2, 2024.
  • Forward raised $16M (Seed) on May 31, 2024.

Who to call at VALR, and when

A new round usually means VALR is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day VALR raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at VALR, from your own LinkedIn network

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Company Information

Company

VALR

Location

South Africa

About

Since its inception in 2018, VALR, a crypto exchange based in South Africa, has expanded to become one of the leading crypto exchanges in the continent. Read more: VALR launches perpetual futures pairing Bitcoin against South African Rand Caselin is also a regular speaker at global conferences and his industry insights are published in several media outlets. VALR is backed by Coinbase Ventures, Pantera Capital, and Avon Ventures. Moreover, it has received approvals to conduct crypto operations in Europe.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

VALR raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.