WestCap and Caisse de dépôt et placement du Québec co-led a round valuing the Tether-backed crypto lending platform developer at over $3bn.
Celsius Network, the US-based cryptocurrency services platform developer backed by stablecoin issuer Tether International, received $400m in funding yesterday at a valuation in excess of $3bn.
The round was co-led by growth equity firm WestCap and fund manager Caisse de dépôt et placement du Québec (CDPQ).
Founded in 2017, Celsius runs an online blockchain-based platform allowing users to take out dollar-denominated loans from other members of its community at a low cost through cryptocurrency-denominated financing accounts.
Funding will be used…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
