HomeFundingElche-based Bit2Me closes a €14 million investment to accelerate its expansion to...

Elche-based Bit2Me closes a €14 million investment to accelerate its expansion to Latin America

Bit2Me, a Spanish digital asset firm, registered with the Bank of Spain and backed by Inveready, has announced the closing of a €14 million investment led by Investcorp. According to the company, the round also includes significant participation from Telefónica Ventures, Telefónica’s vehicle for investing in technology startups with strategic relevance, which converts their previously announced investment from the end of last year.

Stratminds VC; Cardano, through Adaverse; YGG fund, and its CEO Gabby Dizon have also joined this investment. This round is closing during the so-called ‘crypto winter’ where investors are seeking stable, mature companies with a strong market position.

Bit2Me is putting efforts to maintain high standards of quality and security. The company highlights its recent 2022 Expansión Compliance Award, in addition to holding the ISO/IEC 27001 Information Security Certification and specific agreements with Ledger Enterprise and Prosegur Crypto.

This €14 million investment will enable Bit2Me to start the next phase of its mission: the global adoption of cryptocurrencies. This significant investment will be used to consolidate its position as the leading exchange in Spain and accelerate its expansion into Latin America, thereby increasing its customer base and establishing itself as a key player in the international Web3 sector.

For Leif Ferreira, co-founder and CEO of Bit2Me, “For over 2 years, we have been working to improve our platform to achieve the highest levels of quality and product portfolio, while at the same time maintaining the highest levels of regulatory compliance and protection of our customers’ assets. This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

According to Hervé François, Blockchain Fund’s Partner at Investcorp, “We are pleased to lead the investment in Bit2Me, a leading player in the digital asset space. Bit2Me is well positioned to capitalize on the growth in this rapidly evolving market, and Investcorp will actively support its strong management team through eLydian Lion,- the first institutional blockchain fund in the GCC-, with a global mandate to focus on investments in companies leading the next digital evolution driven by blockchain technology.”

For Pablo Casadío, investor and CFO of Bit2Me, “with this new boost, Bit2Me will continue to bet on Spain as its physical and fiscal headquarters, within a regulated environment focused on the security and peace of mind of our clients. That’s how we were born, it’s our DNA, and that’s how we’ll continue: innovating and developing cutting-edge technology and expanding our customer base to offer them the best and safest experience in the market.”

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Stefano De Marzo
Stefano De Marzo
Stefano De Marzo is the Head of News at EU-Startups. He has been extensively covering startups, venture capital and innovation ecosystems, including contributions to numerous publications such as Sifted, Entrepreneur and Forbes. Through his work as an editor and writer, he continues to shape the narrative surrounding the best stories of the tech world.

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