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Emtech - Seed
Overview
Funding Date
August 3, 2023
Financing amount
$4M
Valuation
--
Category
Subcategory
About Emtech - Seed
The New York-based business is today announcing a $4 million seed investment led by Matrix Partners India. It plans to further the development of this CBDC stack and that of its regtech solution. BTN.vc, VestedWorld, Equity Alliance, LoftyInc Capital, Level Up Ventures and Collide Capital are some of the other investors in the round. They join Emtech’s previous investors, including Noemis Ventures, Octerra Capital and 500 Global on its cap table. This round brings the four-year-old’s total investment to $10 million (including a $4 million pre-seed last year and a recent $2 million extension).
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1977 | 21 | -- | ||
| Fund | United States of America | 2020 | 1 | -- | ||
| Fund | United States of America | 2014 | 1 | -- | ||
| Fund | -- | -- | 1 | -- | ||
| Fund | South Africa | -- | 3 | -- | ||
| Fund | United States of America | -- | 1 | -- | ||
| Fund | United States of America | -- | 1 | [email protected] |
Founders & Team
Carmelle Cadet
Company Profile / Project Introduction
Emtech is an African provider of central banking infrastructure, introduced its Central Bank Digital Currency (CBDC) Innovation kit last month. The kit caters to fintechs and financial service providers interested in experimenting with solutions and business models based on digital currencies pioneered by central banks.