According to ChainCatcher, crypto financial services company BCB Group is raising funds through convertible notes. According to people familiar with the matter, these notes will be converted into future Series B equity financing, with a pre-financing valuation cap of $200 million. BCB founder and CEO said that Series B currently has more than $20 million in financing and plans to close this round of financing in early March.
Founded in 2017, BCB Group provides payment, liquidity and custody services to crypto companies such as Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini, Huobi and Kraken. According to RootData data, in January last year, BCB Group completed a $60 million Series A financing, which was the largest Series A financing in the UK blockchain industry at the time. The company's current investors include Pantera Capital, Blockchain.com Capital, Nexo, Wintermute and Circle. (The Block)
