📣 News: Sygnum Bank Completes USD 58m Strategic Growth Round, Achieves Unicorn Status with 1bn valuation
Sygnum Bank announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1 billion.
▪️ Final close cornerstone investor Fulgur Ventures, a Bitcoin-focused venture capital firm, is joined by new and existing strategic and financial investors, as well as Sygnum team members
▪️ Banking group has USD >5 billion in total client assets, with completed Strategic Growth Round bolstering its robust balance sheet and CET1 capital to support future growth
▪️ Proceeds to drive multi-region market entry, expand product portfolio with focus on Bitcoin-technology, enable strategic acquisitions and further strengthen organisational resilience
Mathias Imbach, Sygnum Co-Founder and Group CEO, comments that: “Sygnum Bank reaching Unicorn status is a strong validation by the market of our business model, strategy and team. While it is an achievement we are very proud of, it won’t alter the values of integrity and humility, and the importance of displaying confidence without attitude at all times, which have acted as our true-north since day one. As Switzerland is currently losing ground to other jurisdictions as a preferred digital asset hub, it is also our obligation to highlight the need for Switzerland to not ignore the importance of continuous innovation in the financial sector and to continue to attract talent and capital to remain relevant in the long-term. In that way, Sygnum Bank’s mission is only at the very beginning.”
Read the full announcement here: https://lnkd.in/dNMKyznF
Sygnum Bank: Mathias Imbach, Thomas Eichenberger, Dom Castley MBA MCIM, Fritz W Jost, Martin Burgherr, Stephan Zimmermann, Gerald Goh, Arnold Sternberg, Néstor Palao, Aliya Das Gupta, Pascal Eberle, Gabriela Maria Payer, Dr., Peter Wuffli, Sandro Germann
Fulgur Ventures: Oleg Mikhalsky
#unicorn #FutureFinance #crypto
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