CoinList Raises $100 Million in Funding Round, Hits $1.5 Billion Valuation

The platform's monthly trading volume surged to $1 billion in 2021.

A digital token offering platform, CoinList announced on Tuesday that it had raised $100 million in Series A funding, setting its valuation to $1.5 billion. According to a blog post on its official website, the funding comes in the midst of the growing demand witnessed over the last 12 months as the token issuance market’s figures have skyrocketed.

The Series A funding round was led by Accomplice, together with Agman. Participants include HashKey Capital, Access Ventures, Alphemy Capital, Broadhaven Ventures, Continue Capital, CMT Digital, DFG, FBG Capital, Fenbushi Capital, executives from GoldenTree Asset Management, Hack VC, Jsquare, LD Capital, Metaplanet, Perpetual Value Partners, Rising Tide Fund and Taavet+Sten.

“In this round, we focused on deepening relationships with our existing community rather than signing new venture capital. And our community is truly global. While we have some great U.S. investors, our new investors are mostly active users and partners in the regions where we are growing fastest: Asia, Europe and the Middle East. We’re very excited to have them join us,” Graham Jenkin, CEO of CoinList, commented on the matter.

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User Base Increased Globally

In fact, the platform’s user growth has been exponential, almost 42x globally, 36x in the European Union and 62x in Asia, with CoinList now having users from over 170 countries. Moreover, its monthly trading volume has soared to $1 billion in the current year, while its asset staked on the platform rose to $3 billion in 2021. “Over $370 million in loans originated across multiple assets for ecosystem partners in our first year of running this business,” the company noted about its Lending’s business front.

Last week, another crypto-related firm, FTX, received a valuation of $25 billion after raising $420 million in its recent funding round. In addition, as a result of the recent Series B-1 investment round, the firm’s valuation soared. Leading global investors, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital, Sea Capital, IVP, ICONIQ Growth, Tiger Global, Ribbit Capital and Lightspeed Venture Partners participated in the funding.

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