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New Deal


Announced

Completed

Insight Partners led a $20m Series A round in ZenGo.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

crypto wallet

Minority

Israel

Completed

Payments / Commerce

Cross Border

Private Equity

Venture Capital

Acquisition

Friendly

Private

Synopsis

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Insight Partners led a $20m Series A round in ZenGo, the crypto mobile wallet for retail investors, with participation from Distributed Global, Austin Rief Ventures, Benson Oak Ventures, Samsung Next, Elron, Collider Ventures and FJ Labs. "We believe that a true crypto-based future will require solutions that are radically simple, mobile-first, and built on-chain. Our approach to security, based on MPC, eliminates traditional single points of failure, and has helped us build an innovative consumer-grade wallet that makes crypto simpler, and also an order of magnitude safer," Ouriel Ohayon, ZenGo CEO.

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