Coinhouse, a digital assets service provider based in France, raised 40 million euro ($42.5 million) in a funding round joined by True Global Ventures 4 Plus Fund among others, according to a news release on Thursday.
Other participants were bank ODDO BHF, investment funds Tioga Capital, XAnge Siparex Innovation, Raise Ventures, CF Partners, ConsenSys and Expon Capital as well as several French business leaders.
The fundraising is aimed at accelerating development of Coinhouse's service offerings to individuals and businesses in Europe.
Coinhouse has quadrupled its workforce in less than two years and is positioning itself as a support platform allowing individuals and companies to invest in about 50 different crypto assets as well as in crypto savings management products.
Nicolas Louvet, co-founder and CEO of Coinhouse, said: “The future of financial services, payments and web3 will go through the development of cryptos and therefore inevitably through that of players such as Coinhouse who make them accessible and usable by everyone.”
As a digital asset service provider registered in France and Luxembourg, Coinhouse has supported more than 20 French and international companies in acquiring and holding metaverse land, as well as converting crypto payments into euros in the sale of digital objects or NFTs.