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.

Robert Lavine

Robert Lavine is special features editor for Global Venturing.