HLaw advises BCB Group on $60 million series A investment
There are great deals to be involved in and then there is advising our client BCB Group on what is they think to date the largest ever series A funding round in UK blockchain history, and whilst BCB in parallel acquired Sutor Bank in Germany as part of its expansion into the European Union.
HLaw acted on BCB’s covertible loan note round back in Q1 2021 (led by North Island Ventures and Blockchain.com Ventures) and worked with BCB again as it raised US c.$60m in funds from investors led by Foundation Capital with participation from BACKED VC, PayU (the fintech and e-payments business of Prosus), Digital Currency Group, Nexo, Wintermute, Menai Financial Group, Circle, Tokentus Investment, Cowa, Profluent Ventures and LAUNCHub Ventures. Existing investors North Island Ventures, Blockchain.com Ventures, Rockaway Blockchain Fund, Pantera and L1 Digital.
BCB is a leading provider of business accounts and trading services for the digital asset economy, and it’s building and developing key bits of infrastructure for the crypto and blockchain economy.
BCB Group Founder and CEO, Oliver von Landsberg-Sadie commented, “Our mission is to connect and bank the global crypto industry. This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry.”
Further still he said, “We would like to acknowledge the role played by Humphreys Law in the fundraising. Henry, Annette and the team did an incredible job on a highly complex transaction and much of the credit for a successful completion is down to them.”
Oliver Tonkin, BCB Group Co-Founder and Director commented further, “Amazing achievement for BCB Group. Special thanks to Henry Humphreys and the team at Humphreys Law for their work on the raise.”