Bit2me gets a bit to itself as the crypto exchange raises €14 million to 'drive forward in Latin America'

Spanish crypto exchange Bit2me has raised €14 million in a funding round led by Investcorp, with participation from Telefónica Ventures, Stratminds, Cardano, and YGG. 

The digital assets firm is making a strong bid to dominate the Latin America market and its goal of being a main player in the global adoption of cryptocurrencies. 

"We are pleased to lead the investment in Bit2Me, a leading player in the digital asset space. Bit2Me is well positioned to capitalise on the growth in this rapidly evolving market, and Investcorp will actively support its strong management team through eLydian Lion, the first institutional blockchain fund in the GCC, with a global mandate to focus on investments in companies leading the next digital evolution driven by blockchain technology,” says Hervé François, Blockchain Fund's Partner at Investcorp.

"For over 2 years, we have been working to improve our platform to achieve the highest levels of quality and product portfolio. All this, from regulation and protection to our customers. This funding will boost our acquisition of new customers, as with Investcorp, we have an international partner with significant financial muscle, and with Telefónica, a channel to drive us forward in Latin America,” says Leif Ferreira, co-founder and CEO of Bit2Me.

Main image: Board of Directors of Bit2Me (from left to right: Leif Ferreira, Co-Founder and CEO of Bit2Me, Guenia Gawendo, Managing Director of Telefónica Ventures, David Ortega, CIO of Bit2Me, Andrei Manuel, COO and Co-Founder of Bit2Me, Elena Gil Lizasoain, Global Director of Product and Business Operations at Telefónica Tech, Hervé François, Partner of Blockchain/Digital Assets fund at Investcorp, Aniol Brosa, Partner at Inveready, Pablo Casadio, CFO of Bit2Me)