The Israeli startup developing a non-custodial cryptocurrency wallet ZenGo raised $10m in convertible notes after an extended Series A round. The information comes from The Block.
The company is valued at $100m. The startup aims to attract larger investments in the next Series B round, scheduled for the end of 2023.
“We are constantly speaking with investors who show interest in our company, but we cannot comment on any rumors about transactions,” said ZenGo co-founder and CEO Uriel Ohayon.
In April 2021, ZenGo raised $20m to fund the launch of a debit crypto card in partnership with Visa. The round was led by Insight Partners with support from Austin Rief Ventures and Samsung Next.
ZenGo supports 50 cryptocurrencies and is expanding the list. The wallets user base is over 800,000 registered users. The startup aims to reach 2 million by the end of 2023.
Earlier in February, investors valued the Blocto multi-chain wallet at $80 million after a Series A round.