Coin Digital raises $12 Million from Green Visor and Others

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Coin Digital raises $12 Million from Green Visor and Others
08 Jan 2022
6 min read

News Synopsis

Coin Digital, the SaaS-based blockchain platform has raised a total of $12 million in its seed funding round. The company is planning to have an R&D Centre out of Pune, The company is coming up with these plans after the recruitment drive throughout the country to hire a team of talented engineers. The new team of engineers will be allowed to work from home.

The funding round was led by Green Visor Capita and 645 ventures. Other investors such as Cota Capital, Epic Ventres, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures also participated. 

The co-founder and president of Coin Digital, Fred brothers also said that the businesses are having a hard time understanding crypto and are confused about when and how to adapt the cryptocurrency or digital assets. The founders also said that it is hard for them to quickly and effectively embrace the crypto in their legacy products and services. 

Fred Brothers also said that without the Blockchain platform of Coin Digital, the existing businesses can take months or sometimes years to spend a significant upfront investment to gain knowledge, acquire resources and start detecting crypto solutions.