South Africa-based cryptocurrency exchange Valr and healthcare operations software developer Qventus each raised $50m in corporate-backed rounds.
Funding
South Africa-based digital currency exchange Valr secured $50m today in a series B round featuring cryptocurrency exchanges Bittrex and Coinbase – the latter through its Coinbase Ventures unit – as well as trading firms Capital Markets Trading (through CMT Digital), Alameda Research and GSR. The round was led by Pantera Capital at a $240m valuation and included investment and financial services group Fidelity’s Avon Ventures affiliate, Cadenza, Distributed Global, Third Prime, Avon Ventures, 4Di Capital and unnamed other investors.
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