Aditya Hadi Pratama · · 1 min readTrue Global Ventures leads $17m round of French crypto app
Coinhouse, a France-based crypto investment app, has raised US$17 million in a series B round led by blockchain investor True Global Ventures.
True Global Ventures partner Frank Desvignes (left) and Coinhouse CEO Nicolas Louvet / Photo credit: Coinhouse
The company was founded in 2015 by Eric Larcheveque and Thomas France, who co-founded crypto wallet Ledger. However, Coinhouse was spun out as an independent firm led by Nicolas Louvet in 2017. It currently has more than 500,000 individuals and institutions on its platform, allowing them to buy, hold, and sell more than 40 types of crypto assets.
Coinhouse said it’s the first company registered with French regulator Autorité des Marchés Financiers. In a statement, Louvet said that he wants to position the firm as the first European “cryptobank.”
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True Global Ventures invested US$5.7 million in this round through its True Global Ventures 4 Plus Fund. The fund is a US$100 million investment vehicle that has Animoca Brands, a Hong Kong-based blockchain gaming unicorn, in its portfolio.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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