Cryptocurrency Investment Platform Zignaly Has Secured A Deal To Receive Up To $50M In Financing.
ZIGNALY, a funding platform for cryptocurrency and blockchain start-ups, announced today that it has closed a $50 million Series A funding round led by LSVCP. This brings the total amount of capital raised by Zignaly to $77 million.
The Series A was co-led by Binance Labs and joined by a number of high-profile investors, including Block Tower Capital, Crypto VC, and Pantera Capital. The round also included $10 million in debt financing, bringing the total amount of capital raised by Zignaly to $77 million.
The investment is the second time KPCB has backed Zignaly, with the first round of funding raising $15 million in August last year. KPCB has been involved in a number of fintech investments over the past year, including investing in fintech start-up Hirease in April last year.
How Will This Deal Of $50M Be Utilized?
Zignaly is a business solutions provider that helps global companies manage their operations and data across multiple geographies. The company’s products and services are delivered through a single, frictionless platform to help companies grow faster, reduce costs, and seize new opportunities. Founded in 2004, Zignaly has more than 3,500 employees and serves more than 2,000 customers in over 70 countries.
According to a company press release, The company will use the funding to continue to expand its sales and marketing teams to increase awareness and adoption of its platform, build on its leadership position in its market, and expand into new markets.
Summary And CTA
Zignaly is a start-up that provides digital marketing services to small businesses. The company has raised $50 million in a Series C funding round led by TGV Capital. This brings Zignaly’s total funding to $75 million. The funding will be used to expand the company’s marketing services and grow its team.
Zignaly users, investors, and partners are invited to join the company for a celebration of this key milestone and opportunity. This call will be an exciting opportunity to hear about the progress we’ve made and look ahead to what’s next. The call will be limited to invitees only.