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Announced

Completed

Foundation Capital led a $60m Series A funding round in BCB Group.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Acquisition

FinTech

United Kingdom

Friendly

Completed

Cross Border

Private Equity

Minority

Private

fintech

Single Bidder

Synopsis

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Foundation Capital, a venture capital firm, led a $60m Series A funding round in BCB Group, a crypto business banking partner and provider of payments and trading services for the digital asset economy, with participation from BACKED VC, PayU, Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures and LAUNCHub Ventures. “Our mission is to connect and bank the global crypto industry. This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry,” Oliver von Landsberg-Sadie, BCB Group CEO.

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