VALR secures $50 million in largest African crypto raise to date

VALR, a crypto exchange in South Africa, has raised $50 million in a Series B equity funding round. 

Pantera Capital led the rough with participation from Alameda Research,  Coinbase Ventures and Avon Ventures, among others. Those firms join existing investors including crypto exchange Bittrex and 4Di Capital. 

The round secures a $240 million valuation for VALR, and marks the largest crypto funding round in Africa to date, according to the exchange. 

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