TechFlow news — A recently disclosed filing revealed that Copper, a London-based cryptocurrency custody service provider, has raised $196 million in its Series C funding round as of June this year. This includes $181 million from both new and existing shareholders, along with $15 million in convertible loan notes. A spokesperson for Copper declined to comment on the details, as the company has not yet officially finalized this funding round.
According to Bloomberg, in November last year, Copper had aimed to raise $500 million at a $3 billion valuation. However, following the sharp decline in cryptocurrency prices, venture capital firms have adjusted their expectations for the crypto sector, which has impacted Copper's fundraising efforts. Original link
