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New Deal


Announced

Completed

Kaszek Ventures and QED Investors led a $62m Series B funding round in Bitso.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Friendly

Payments / Commerce

cryptocurrencies

Mexico

Minority

Private

Private Equity

Acquisition

Venture Capital

Completed

Synopsis

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Kaszek Ventures and QED Investors, a venture capital firms, led a $62m Series B funding round in Bitso, a Mexico City-based cryptocurrency company. Existing shareholders Coinbase Ventures and Pantera Capital also joined the round. “Most cryptocurrency players are exchanges, but we are more than an exchange. Our mission is to make crypto useful. There is a big remittance flow of $36bn from the United States to Mexico, and we process over $1bn of that,” Daniel Vogel, Bitso Co-founder and CEO.

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