Today SEBA Bank, the Swiss regulated digital asset bank, announced it raised a CHF 110 million ($120m) Series C funding. What a difference a year makes. In December 2020, it announced a CHF20 million Series B after it had targeted a CHF 100m, following a Series A of the higher amount. Swiss private bank Julius Baer, one of Switzerland’s top five banks, participated in the bank’s Series A round and was also an investor in the Series C.
The funding was led by blockchain and fintech specialists, Altive, Ordway Selections, Summer Capital and DeFi Technologies, which contributed CHF 25m. Another participant was Alameda Research, the cryptocurrency quant trading firm co-founded by FTX CEO Sam Bankman-Fried.
“This funding will allow us to further develop our digital asset banking platform and strengthen our presence in markets across the globe by attracting new talent,” said Guido Buehler, CEO at SEBA Bank.
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