Total amount raised
$180 Million
Latest funding date
07/01/2022
Location
KuCoin has successfully raised funding over three rounds, with the latest being a Venture - Series Unknown round. The platform has also established a venture fund named KuCoin Metaverse Fund.
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 cryptocurrency exchange platform. It offers a variety of services including spot trading, futures trading, and margin trading. The company is headquartered in Mahé, Beau Vallon, Seychelles.
With an employee count ranging between 1001-5000, KuCoin emphasizes trust and security in its operations. The platform facilitates trading and investing in digital assets, making it a significant player in the cryptocurrency industry.
How Much Funding Has KuCoin Raised?
- Series A
- Amount Raised: USD 20,000,000
- Date: November 2018
- Lead Investors: IDG Capital, NGC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its platform and enhance its product offerings.
- Series B
- Amount Raised: USD 150,000,000
- Date: May 2022
- Lead Investors: Jump Crypto
- Valuation at Round: USD 10,000,000,000
- Motivation Behind the Round: To support KuCoin's growth and expansion, and to enhance its platform and product offerings.
- Series Unknown
- Amount Raised: USD 10,000,000
- Date: July 2022
- Lead Investors: Susquehanna International Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To upgrade platform infrastructure, enrich the product lineup, support global expansion, and facilitate hiring plans.
Total Amount Raised: USD 180,000,000. Current Valuation: USD 10,000,000,000.
Key Investors
- Susquehanna International Group (SIG)
- Details: Susquehanna International Group (SIG) is a prominent quantitative trading firm known for its strategic investments and trading expertise. They have invested in KuCoin to support its platform infrastructure and global expansion.
- Investment Focus Areas: Quantitative trading, technology, financial services.
- Notable Investments: Not publicly disclosed.
- Jump Crypto
- Details: Jump Crypto is a leading player in the cryptocurrency space, known for its significant investments in the crypto industry. They led a $150 million pre-Series B round for KuCoin.
- Investment Focus Areas: Cryptocurrency, blockchain, innovative projects.
- Notable Investments: Not publicly disclosed.
- IDG Capital
- Details: IDG Capital is a global investment firm with a focus on venture capital, private equity, and mergers and acquisitions. They have been involved in KuCoin's Series A funding round.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Not publicly disclosed.
- NGC Ventures
- Details: NGC Ventures is a leading blockchain investment firm that focuses on supporting the growth of the blockchain ecosystem. They participated in KuCoin's Series A funding round.
- Investment Focus Areas: Blockchain, cryptocurrency, decentralized finance.
- Notable Investments: Not publicly disclosed.
What's Next for KuCoin?
KuCoin's future looks promising with significant opportunities on the horizon. The collaboration with Susquehanna International Group (SIG) opens doors for blockchain startup incubation, investment, and consultation, particularly for projects on the KuCoin Community Chain (KCC). This partnership, along with the recent $10 million funding, positions KuCoin to upgrade its platform infrastructure, enrich its product lineup, and support global expansion.
Future fundraising opportunities seem likely, given the strategic partnerships and rapid growth KuCoin has experienced. The company has already attracted substantial investments, and continued support from investors like Jump Crypto and SIG could lead to further funding rounds. However, KuCoin must navigate regulatory scrutiny, security concerns, and competition from other major cryptocurrency exchanges to maintain its growth trajectory.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like KuCoin and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
