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Sygnum - Strategic
Overview
Funding Date
January 24, 2024
Financing amount
$40M
Valuation
--
Catagory
Subcategory
About Sygnum - Strategic
Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at USD 900 million.
- The Strategic Growth Round will provide the group with additional financing to expand into new markets and further extend its suite of regulated products and services in order to take advantage of the increasingly positive market developments in the digital asset industry
- The round is oversubscribed and, as of this interim close, has already raised more than USD 40 million against the company’s original ~USD 35 million target, with Azimut Holding, a global asset management group, as the lead investor
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Italy | 1988 | 6 | -- |
Founders & Team
Gerald Goh
Luka Muller
Mathias Imbach
Company Profile / Project Introduction
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. Sygnum empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. The team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenisation and B2B services.
In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution Licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg.