Swiss crypto-fintech startup Amun has raised $ 4 million in venture capital during a round of financing, TechCrunch said Wednesday, March 12.
About the investors
As Amun announced in its own press release the same day, investors include Adam Draper, founder of Silicon Valley’s Boost VC; Graham Tuckwell, founder of ETFS Capital; Greg Kidd, co-founder of Hard Yaka; and four family offices.
What the new capital will be used for, said Amun CEO and co-founder Hany Rashwan, in the following words:
“We want to use the resources to continue investing in our technical infrastructure, launching additional exchange-traded crypto-tracking products with more strategies in different regions, and helping others bring crypto assets to the public market”.
Amun made headlines only at the beginning of March with its Exchange-Traded Product (ETP), which was newly listed on the Swiss stock exchange SIX and based on Ethereum (ETH). Already in November 2018 Amun had launched a first mixed crypto-ETP, which is also listed on the SIX.
Also published on Medium.