Crypto Custodian Copper Soon to Close Delayed Funding Round: Sources
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The Series C round was held up last year as Copper grappled with a temporary regulatory registration in the U.K. Copper will value the company around $2 billion, according to the people who didn’t want to be identified. Copper is valued at around $1 billion, the people said. The company is set to raise $3 billion in the next round of its Series C funding round, which was delayed last year, the sources said. Copper was founded in 2009 and is based in New York City, New York, and London, where it was co-founded in 2007. It is the first major U.S. venture investment firm to make a major acquisition of a major tech firm in the past decade, the company said. Source