Venture Capital
The interim funding round values the business at 180 million euros. : Digital currency exchange Coinmetro raised 7 million euros ($7 million) in a funding round that valued the business at 180 million euros, the company said Monday. Coinmetro said it plans to use the capital to scale up its operations in the U.S., U.K. and Europe. It is also developing a series of passive income products to help customers deal with a period of high inflation and interest rates. The interim funding round is a precursor to a Series A round planned for first-quarter 2023, the firm said.