Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel.

River offers a wide range of bitcoin-related services to individuals and businesses, including a brokerage firm that offers dollar DCA services, mining, full reserve custody, and a wallet that supports trading as well. On-chain transactions and Lightning transactions. Network – a bitcoin scaling solution that settles off-chain transactions for faster speeds and lower fees. Last October, the company launched River Lightning, an application programming interface (API) that makes it easier for companies to connect their apps to the Lightning Network.

“Bank failures and bailouts are a reminder of why Bitcoin is so important,” River CEO Alex Leishman said in a press release. Bitcoin is the secure path to a fairer, more equitable and more transparent global economy," he added. "As a result," he continued, "River's goal is to bring the most comprehensive solution to invest in bitcoin for people as they seek an alternative to the current system. This funding round demonstrates our commitment to fighting for an honest economy. and a strong financial environment through the use of bitcoin—the world's only transparent digital currency."

Other investors in the new funding include Cygni, Goldcrest and Valor Equity Partners. River last raised $12 million in a Series A round in 2021.