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Announced

Completed

Investcorp led a €14m investment round in Bit2Me.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cryptocurrencies

Private

Friendly

blockchain technology

FinTech

Acquisition

Private Equity

Single Bidder

Spain

Cross Border

Minority

Venture Capital

Completed

Synopsis

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Investcorp, a global alternative asset manager, led a €14m investment round in Bit2Me, a financial technology company that offers services in blockchain technology and cryptocurrencies, with participation from Telefónica Ventures, Stratminds and Emurgo. “For over 2 years, we have been working to improve our platform to achieve the highest levels of quality and product portfolio, while at the same time maintaining the highest levels of regulatory compliance and protection of our customers’ assets. This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America,” Leif Ferreira, Bit2Me, Co-founder and CEO.

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