CryptoSafe has secured $20 million in an updated funding round, bringing its valuation to $95 million.
CryptoSafe Ltd., a pioneering blockchain project focused on improving capital efficiency in cryptocurrency markets, successfully closed its latest funding round, securing $20 million at a valuation of $95 million. The funding round, completed on January 1, 2024, marks a significant milestone for the company as it positions itself for further growth, innovation and market expansion.
Several high-profile investment funds played a pivotal role in supporting CryptoSafe’s latest funding round. While specific details about the participating funds remain confidential, their participation highlights the confidence that established investors have in CryptoSafe’s vision, strategy, and potential for future success.
The $20 million investment will be strategically allocated to various areas that align with CryptoSafe’s ambitious plans for growth and innovation. Key focus areas include:
1. Research and development:
A significant portion of the funds will be used to improve CryptoSafe’s technical infrastructure and capabilities. This includes investing in cutting-edge technology, cybersecurity measures, and software improvements to ensure our platform remains an industry leader.
2. Market expansion:
CryptoSafe aims to leverage the newly acquired funds to expand its domestic and international market presence. The company will focus on expanding its user base, strengthening partnerships, and exploring new business opportunities.
3. Talent Acquisition:
To support expansion plans and maintain a competitive edge, CryptoSafe will invest in recruiting top talent across various departments. This includes hiring skilled professionals in technology, cybersecurity, marketing, and customer support.
4. Improved customer experience:
The funds will be used to improve the overall customer experience. This includes improving the user interface, implementing a customer feedback system, and ensuring CryptoSafe remains user-friendly and customer-focused.
5. Compliance and security measures:
In response to the ever-evolving regulatory requirements and cybersecurity threat landscape, CryptoSafe will use a portion of the funds to strengthen its compliance measures and strengthen its security protocols. This ensures that the platform is robust, secure, and compliant with industry standards.
The success of this funding round demonstrates CryptoSafe’s commitment to building a comprehensive ecosystem that helps users become more profitable in the cryptocurrency markets. The project, led by former Goldman Sachs manager Borhes Antonio Feitoza, has attracted considerable attention since its launch.
In a private investment round, the project secured $2 million and achieved a valuation of $15 million over the life of the project.Original funding round announced on September 8, 2022. The funding was backed by prominent venture capital firms including VentureX Capital, NexTech Ventures, and Blockchain Innovations Fund, underscoring confidence in CryptoSafe’s potential.
A significant portion of the original funding was allocated to developing ecosystem products such as the CryptoSafe app and CSvision analytics platform. These tools are critical to providing users with the resources they need to efficiently navigate the cryptocurrency markets.
A user-friendly mobile application, the CryptoSafe app provides real-time market data, portfolio management and secure trade execution. On the other hand, the CSvision analytics platform offers advanced charting, algorithmic analysis, risk management tools, and customizable dashboards for in-depth market analysis.
Both tools highlight CryptoSafe’s commitment to increasing capital efficiency and providing users with the means to successfully navigate the cryptocurrency markets.
CryptoSafe continues to build on its achievements with a team of 14 experts, including mathematicians, programmers, and data analysts. The project, which focuses on developing high-frequency trading algorithms using artificial intelligence, has contributed to an average monthly return on capital turnover of 32.81% over the past three months.
CryptoSafe looks forward to using the new funds to drive further innovation, expand its market presence, and solidify its position as a leader in the cryptocurrency space.
About the founder
With over 10 years of experience at Goldman Sachs, including a role as a leading equity trader in high-risk trading, Borhes Antonio Feitoza remains a pivotal figure within the CryptoSafe project. With an economics education from the University of Munich and a Master’s degree in Market Management and Management from Princeton University, Feitoza brings a wealth of knowledge and expertise to CryptoSafe’s leadership.
About CryptoSafe Ltd
CryptoSafe Ltd. is a blockchain project focused on improving capital efficiency in the cryptocurrency market. Led by Borhes Antonio Feitoza, the project aims to build a unique financial infrastructure that allows users to exponentially increase the profitability of each transaction. For more information, please visit:www.cryptosafe.ai
For media inquiries, please contact:
CryptoSafe Co., Ltd.
email:contact-us@cryptosafe.ai
disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice, or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
