{"id":78838,"date":"2023-05-16T20:36:01","date_gmt":"2023-05-16T17:36:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78838"},"modified":"2025-09-11T07:37:51","modified_gmt":"2025-09-11T04:37:51","slug":"bitcoin-startup-river-financial-raises-35-million-in-series-b-round-with-peter-thiel-among-investors","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-startup-river-financial-raises-35-million-in-series-b-round-with-peter-thiel-among-investors\/","title":{"rendered":"Bitcoin startup River Financial raises $35 million in Series B round, with Peter Thiel among investors"},"content":{"rendered":"<p>Bitcoin-focused startup River Financial has raised $35 million in a Series B funding round led by Kingsway Capital.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">1\/ Today I\u2019m thrilled to announce the <a href=\\\"https:\/\/twitter.com\/River?ref_src=twsrc%5Etfw\\\">@River<\/a> Series B $35mm fundraise, led by Kingsway Capital! This is one more step on our mission to champion an honest and robust financial system. <a href=\\\"https:\/\/t.co\/pPOCyVYvNt\\\">https:\/\/t.co\/pPOCyVYvNt<\/a><\/p>\n<p>\u2014 Alexander Leishman ?? (@Leishman) <a href=\\\"https:\/\/twitter.com\/Leishman\/status\/1658479681056968706?ref_src=twsrc%5Etfw\\\">May 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Among other investors: PayPal co-founder Peter Thiel, Cygni, Goldcrest and Valor Equity Partners. Representatives said they would not disclose River\u2019s valuation.<\/p>\n<p>Based in Columbus, Ohio, the company offers a range of Bitcoin-focused services: brokerage, custody solutions, mining, wallets, and infrastructure components for interfacing with <a href=\"https:\/\/forklog.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>.<\/p>\n<p>River Financial CEO Alex Leishman is confident in a &#8220;new wave of interest in Bitcoin,&#8221; which, &#8220;this time, is not hype,&#8221; and is largely driven by institutional adoption.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cBankruptcies and the help to banks this year have been a troubling signal, exposing cracks in the traditional financial system and reminding us why Bitcoin matters \u2014 it is a safe path to a stronger and more transparent global economy,\u201d he noted.<\/p>\n<\/blockquote>\n<p>The funds will be used to expand the product lineup, invest in infrastructure products and mining.<\/p>\n<p>In the previous round led by Goldcrest, in March 2021, River Financial raised <a href=\\\"https:\/\/www.crunchbase.com\/organization\/river-financial\/company_financials\\\">$12 million<\/a>.<\/p>\n<p>In June 2020 the startup secured $5.7 million in seed funding. <\/p>\n<p>Earlier, Standard Chartered\u2019s crypto custody arm Zodia Custody <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartereds-crypto-custody-arm-raises-36-million\">raised $36 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin-focused startup River Financial has raised $35 million in a Series B funding round led by Kingsway Capital.<\/p>\n","protected":false},"author":1,"featured_media":78839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-78838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78838"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78838\/revisions"}],"predecessor-version":[{"id":78840,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78838\/revisions\/78840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78839"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}