TechFlow news, cryptocurrency wallet ZenGo is seeking to raise $10 million in an extended Series A funding round through the issuance of convertible bonds, with plans to conduct a Series B round later this year. The extended Series A valuation for ZenGo stands at $100 million, flat compared to its Series A valuation two years ago.
It is reported that ZenGo currently has over 800,000 registered users and aims to increase its user base to 2 million this year, with annual revenue targeted between $1 million and $2 million.
Previous reports indicated that in April 2021, ZenGo announced the completion of a $20 million Series A funding round led by Insight Partners, with participation from Distributed Global, Austin Rief Ventures, Samsung Next, among others.Original link
