Bit2Me, backed by Inveready, closes a €14 million investment led by Investcorp, with participation from Telefónica Ventures, Stratminds, Cardano, and YGG

Bit2Me, the leading Spanish digital asset firm, registered with the Bank of Spain and backed by Inveready, the highest-return fund in the Spanish market with €1 billion in assets under management, has announced the closing of a €14 million investment led by Investcorp, a global leader in alternative investments with over $50 billion in assets under management.

The round also includes significant participation from Telefónica Ventures, Telefónica’s vehicle for investing in technology startups with strategic relevance, which converts their previously announced investment from the end of last year.

Stratminds VC, a veteran venture capital fund based in Silicon Valley and led by former IBM CIO Richard Jhang; Cardano, one of the leading blockchains in the market, through Adaverse; YGG fund, and its CEO Gabby Dizon have also joined this investment. This round is closing during a ‘crypto winter’ where investors are seeking stable, mature companies with a strong market position.

In this regard, Bit2Me is constantly striving to maintain high standards of quality and security, as evidenced by its recent 2022 Expansión Compliance Award, in addition to holding the ISO/IEC 27001 Information Security Certification and specific agreements with Ledger Enterprise and Prosegur Crypto.

This €14 million investment will enable Bit2Me to start the next phase of its mission: the global adoption of cryptocurrencies. This significant investment will be used to consolidate its position as the leading exchange in Spain and accelerate its expansion into Latin America, thereby increasing its customer base and establishing itself as a key player in the international Web3 sector.

According to Hervé François, Blockchain Fund’s Partner at Investcorp, “We are pleased to lead the investment in Bit2Me, a leading player in the digital asset space. Bit2Me is well positioned to capitalize on the growth in this rapidly evolving market, and Investcorp will actively support its strong management team through eLydian Lion,- the first institutional blockchain fund in the GCC-, with a global mandate to focus on investments in companies leading the next digital evolution driven by blockchain technology.”

For Leif Ferreira, co-founder and CEO of Bit2Me, “For over 2 years, we have been working to improve our platform to achieve the highest levels of quality and product portfolio, while at the same time maintaining the highest levels of regulatory compliance and protection of our customers’ assets. This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

Koh Onozawa, Co-CEO of Bit2Me, stated, “As with our initial funding round, this marks a significant milestone for Bit2Me, and it is only the beginning of many future developments. We are working on incorporating new strategic investors aligned with the company’s innovation philosophy and soon, other well-known investors will also join our projects.”

For Pablo Casadío, investor and CFO of Bit2Me, “with this new boost, Bit2Me will continue to bet on Spain as its physical and fiscal headquarters, within a regulated environment focused on the security and peace of mind of our clients. That’s how we were born, it’s our DNA, and that’s how we’ll continue: innovating and developing cutting-edge technology and expanding our customer base to offer them the best and safest experience in the market.”