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Miguel Cordon · · 1 min readBlockchain firm backed by 17Live founder wins funding from Vertex, Razer’s VC arm
Coinomo, a blockchain firm that was born after Turn Capital’s acquisition of Taiwan’s Dapp Pocket, said it has secured an undisclosed amount of financing to strengthen its fintech platform, which is launching today in beta.
More funding details
- Lead investor: Vertex Ventures Southeast Asia and India
- Returning investors: Razer’s corporate VC arm zVentures, blockchain advisory firm Spartan Group, and Leo Cheng, an investor with MetaCartel Ventures
- Stage: Unspecified
More company updates
- In its beta app, Coinomo will allow users to buy and sell cryptocurrency pairs and offer three investment products with various return profiles.
- Its app, which will be available for Android and iOS phones, is launching in Indonesia and Taiwan for now.
- Vertex’s participation in the round marks its second investment in the crypto space, coming after it backed Binance Asia in 2018.
- Turn Capital, the family office of 17Live co-founder Joseph Phua, acquired Dapp Pocket for an undisclosed amount last month.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Editing by Collin Furtado and Jaclyn Tiu
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