European crypto firms in Q4 of 2021 reach record-breaking numbers of €793 million (roughly $925 million), as reported by Dealroom, the analytics platform.
Q4 Investments on the Lead
Crypto investments in Europe have surpassed Q1 at the beginning of Q4. The last record marked was that of 2021 Q1 as crypto companies earned €715 million (roughly $834 million) by signing 25 deals.
Big names like MoonPay, Celsius Network, Elliptic have played a significant role here, and the last record was beaten with merely six deals.
If things go on like this, the Q4 investments will meet even greater records, according to analysts.
MoonPay and Celsius Network
MoonPay, as mentioned before, is among the most important factors that assisted in the fourth quarter’s new records. This company allows its credit card users to purchase crypto easily on OpenSea, Bitcoin.com, Abra, ZenGo, Spot, and Trust Wallet.
This investment company has over 5 million users and more than 80 digital assets and raised a total of $400 million, with a $3.4 billion valuation, during the first funding round. The funding round was led together with Tiger Global Management and Coatue Management.
The Celsius Network Investments is another firm that reached $400 million worth of investments recently. This network is the global place where one can earn and borrow crypto. Its fundraising round was led together with WestCapand CDPQ, where the company’s net worth reached $3.25 billion.
Other Q4 Contributors
Elliptic, a London-based Blockchain analytics business, also raised $60 million in their most recent Series C fundraising round. The fund was co-led by VC firm Evolution Equity Partners and SoftBank Vision Fund 2.
Part of this round were also other investors, like AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group that supported it.
SheeldMarket and Paladin, companies based in France, also contributed to the overall record numbers, as they received investments totaling $12.6 million in October 2021.
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