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Funding
Finoa raises USD 15 million in strategic funding
Decentralized Finance (DeFi)
Jan 13, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jan 13, 2024

Finoa raises USD 15 million in strategic funding

Funding

  • Finoa, a crypto asset custody and staking services provider, has secured USD 15 million in a strategic funding round led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars. This round brings the company's total funding to USD 40 million and gives it a value of USD 100 million.

  • Finoa is a Berlin-based company that offers digital asset custody and staking services catered toward institutional clients. The company’s key offerings include secure and regulated custody, in-custody staking, trading infrastructure, and Ethereum nodes. The company also recently introduced a new service that will provide its clients access to decentralized finance applications via its custodial wallet infrastructure called FinoaConnect.

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