Total amount raised
$180 Millions
Latest funding date
07/01/2022
Location
KuCoin has successfully raised significant funding through various rounds, positioning itself as a key player in the cryptocurrency exchange market. The platform offers a comprehensive suite of services, including trading, earning, and institutional options, catering to a global user base.
Keep reading to explore the intricacies of KuCoin's fundraising journey and the investors backing this innovative platform.
What Is KuCoin?
KuCoin, founded in 2017, is a prominent player in the cryptocurrency exchange industry. Headquartered in Mahé, Beau Vallon, Seychelles, the company operates under the legal name Mek Global Limited.
With a workforce of 501-1000 employees, KuCoin offers a comprehensive platform for trading and investing in digital assets. The exchange supports a global user base, providing services such as spot trading, margin trading, and crypto derivatives.
How Much Funding Has KuCoin Raised?
- Series A
- Amount Raised: $20M
- Date: November 2018
- Lead Investors: IDG Capital, NGC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's early-stage growth and expand its market presence.
- Series B
- Amount Raised: $150M
- Date: May 2022
- Lead Investors: Jump Crypto
- Valuation at Round: $10 billion
- Motivation Behind the Round: To solidify KuCoin's role as a leading centralized exchange and expand its ecosystem in the decentralized Web 3.0 world.
- Venture Round
- Amount Raised: $10M
- Date: July 2022
- Lead Investors: Susquehanna International Group (SIG)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To upgrade platform infrastructure, enrich the product lineup, support global expansion, and fund hiring plans.
Total Amount Raised: $180M. Current Valuation: $10 billion.
Key Investors
- Susquehanna International Group (SIG)
- Details: SIG is a global quantitative trading firm and liquidity provider. They are known for their expertise in trading and market-making across various asset classes.
- Investment Focus Areas: Quantitative trading, blockchain startup incubation, investment, and consultation.
- Notable Investments: KuCoin, Bybit, BitMEX.
- Jump Crypto
- Details: Jump Crypto is a division of Jump Trading Group, focusing on investments in cryptocurrency and blockchain technology. They are recognized for their significant contributions to the crypto ecosystem.
- Investment Focus Areas: Cryptocurrency, blockchain technology, decentralized finance (DeFi).
- Notable Investments: Solana, Terra, KuCoin.
- IDG Capital
- Details: IDG Capital is a global investment firm with a strong presence in venture capital and private equity. They have a history of backing innovative technology companies.
- Investment Focus Areas: Technology, media, telecommunications, healthcare, consumer products.
- Notable Investments: Xiaomi, Meituan, KuCoin.
- NGC Ventures
- Details: NGC Ventures is a leading blockchain investment firm. They focus on supporting projects that drive the growth and adoption of blockchain technology.
- Investment Focus Areas: Blockchain technology, decentralized applications (dApps), digital assets.
- Notable Investments: Algorand, Elrond, KuCoin.
What's Next for KuCoin?
KuCoin's future is brimming with opportunities, driven by its strategic partnerships and recent funding. The collaboration with Susquehanna International Group (SIG) opens doors for blockchain startup incubation and global expansion. With a $10 million investment, KuCoin aims to upgrade its platform infrastructure and enrich its product lineup, positioning itself for significant growth in the rapidly evolving cryptocurrency market.
Future fundraising opportunities appear promising as KuCoin continues to attract interest from venture capital firms and strategic investors. The company's focus on expanding its services and user base could lead to further investments, bolstering its market position. However, KuCoin must navigate regulatory challenges and maintain robust security measures to sustain its growth trajectory.
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