Qredo raises $80 million from 10T Holdings

The startup Qredo announced an $80 million Series A round. It was led by Dan Tapiero’s 10T Holdings.

The secret’s out 🙌 📣

Qredo has raised a whopping $80M in one of the largest Series A rounds in crypto to date — giving us the resources to supercharge Qredo’s growth 🚀

Led by @10TFund, including investors @Coinbase, @Terra_money, & @avalabsofficial💡https://t.co/3VGXp9aV1z pic.twitter.com/8sdrF34rwH

— Qredo (@QredoNetwork) February 4, 2022

The round attracted Coinbase Ventures, Avalanche and Terra, Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management.

The startup’s valuation reached $460 million. According to the team, over the past 12 months they raised $120 million, including from strategic investors.

According to the press release, Qredo provides digital asset management infrastructure and products designed “to unlock new opportunities for institutional investors in cryptocurrencies and decentralized finance”.

Earlier, Dan Tapiero’s 10T Holdings backed the crypto-lending platform Ledn in a $70 million round.

Earlier in January 2022, the analytics platform Dune Analytics closed a Series B round worth $69.42 million at a $1 billion valuation.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news stream, ForkLog — the most important news, infographics and opinions.