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New Deal


Announced

Completed

Tiger Global and Coatue led a $250m Series C roundin Bitso.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Friendly

Venture Capital

Completed

Payments / Commerce

Acquisition

Minority

Mexico

cryptocurrencies

Single Bidder

Cross Border

cryptocurrency exchange

Synopsis

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Tiger Global and Coatue led a $250m Series C roundin Bitso, with participation from Paradigm, BOND, Valor Capital Group, QED, Pantera Capital and Kaszek. "We are excited about Bitso because it is the first fully scaled compliance solution that enables consumers across Latin America to access the crypto economy. We believe access to this financial product has the potential to be game changing in Latin America and we look forward to supporting the Bitso team on its mission to expand crypto access to all," Michael Gilroy, Coatue General Partner.

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