Industry News

TMCNet:  Celsius is Closing its Funding Round With Over $18.8M

[July 24, 2020]

Celsius is Closing its Funding Round With Over $18.8M

LONDON, July 24, 2020 /PRNewswire/ -- Celsius Network, the interest-earning platform, has today announced that it will be closing its equity funding round with over $18.8M in investments. This raise was a unique equity offering for both qualified U.S. & non-U.S. investors, and has been now successfully raised through BnkToTheFuture, the largest online investment platform for investing in FinTech & crypto companies, and other investors.

Celsius Network had recently announced the extension of their fundraising goal of $17M through BnkToTheFuture, and have well exceeded their expectations from their community participation in this raise. Celsius has previously announced that it has raised $10m from www.Tether.to at a $120m pre money valuation and further decided to give its community access to Celsius' equity via BnkToTheFuture. Qualified investors were able to participate in their equity round with as little as $1,000.

BnkToTheFuture has a network of over 85,000 qualified investors and has enabled compliant equity funding rounds for a variety of established crypto firms, such as BitFinex and Kraken, BitStamp and portfolio companies Coinbase, Blockchain.com, and Circle, having now facilitated almost 850m of investments in the sector.

"We are thrilled at the response we have gotten from our community during this fundraise," says CEO Alex Mashinsky, "it is our goal to continue to work for our community, and we saw this as an opportunity to have them participate directly in a way that aligns with our mission of giving back up to 80% to our community." 

Celsius is continuing its dedication to seeing their goals from the whitepaper to fruition. They believe this raise is proof of the mutual commitment they share with their community in this mission.

About Celsius Network
Celsius Network addresses the financial needs of today's consumers worldwide through a high-interest income and low-cost loans accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a Blockchain-based no-fee platform where membership provides access to curated financial services that are not available through traditional financial institutions. For additional information please visit www.celsius.network.

About BnkToTheFuture
BnkToTheFuture is a global online Investment Platform allowing qualifying investors to build their investment portfolio in the equity of Crypto & FinTech companies, security tokens and other new alternative financial products. BnkToTheFuture was the very first securities business in the crypto market launching shortly after Bitcoin in 2010 and now has a community of 85,000+ qualified investors from all over the world who have invested almost $850m in funding rounds listed on its online investment platform. BnkToTheFuture portfolio companies include Coinbase, Circle, Blockchain.com, Kraken, BitStamp, BitFinex, ShapeShift, BitPay, Ripple Labs and over 100 others. For more info visit https://BnkToTheFuture.com.

Contact:
Anastasia Golovina, Ditto PR
anastasia@dittopr.co

 

 

Cision View original content:http://www.prnewswire.com/news-releases/celsius-is-closing-its-funding-round-with-over-18-8m-301099607.html

SOURCE Celsius Network


[ Back To The Blockchain Domain's Homepage ]


FEATURED RESOURCE


Social media is impacting the value of your cryptocurrency. This cross-platform audit will show how to improve consumer and influencer sentiment.

CONTACT US