Lingfeng Capital & QBN Capital invest in Crypto Finance series-B round
Crypto Finance has completed a Series B investment round, raising CHF14 million in new funding from a consortium of investors.
The round was led by Swiss investor Rainer-Marc Frey and Asian-based private equity fund Lingfeng Capital. Existing and new investors joined from across Europe and Asia, including Asian-based QBN Capital.
Crypto Finance involved PwC to introduce investors with the right strategic focus and expertise for this funding round in Asia Pacific.
The fresh capital brings the total funding raised for Crypto Finance up to CHF 36 million, enabling the Crypto Finance Group to continue to grow despite current challenges posed by Covid-19, the company said.
“I am excited to share our Series B funding news. It lets us continue with our vision and strategy to provide market-leading, professional crypto asset management, trading, and infrastructure,” said Jan Brzezek, CEO and founder of Crypto Finance.
Frank Tong of QBN Capital, said: “The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance AG is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience.”
With just over 50 percent of overall Group business linked to international clients, Crypto Finance will use the new capital injection for continued international expansion and product and service development, according to the company.
“The team at Lingfeng is very impressed with the Crypto Finance AG management and operations,” commented Dr Ming Shu, Lingfeng Capital.
“This opportunity brings us exposure to the promising crypto asset fintechs working within the regulatory framework and a partner with traditional finance sector experience. We look forward to building a bridge between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes,” he added.