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Cabital Secures $4 Million In Seed Round

We’ve raised $4 million in our seed funding round! The funding will support Cabital’s growth plans in Europe.

At Cabital, we’re proud to announce today that we’ve raised US$4 million in our seed funding round!

Our round was led by SIG, Dragonfly, and GSR, and the funding will support Cabital’s growth plans in Europe, as well as bringing on board senior talent and further developing our digital wealth management platform. 

According to Lu Guo, SIG’s Partner, “We’ve decided to lead Cabital’s seed round of funding as we see a massive surge in crypto investment. As cryptocurrency is now coming into the mainstream, Cabital is proposing new investment opportunities for crypto-wealth management products, which will meet regulatory compliance standards as well as maintain strong leadership in this growing market that’s increasingly globalized.”

As part of our growth plans in Europe, Cabital will be adding SEPA to our list of payment methods, enabling customers to transfer their assets between euros and crypto by the end of Q3 this year. While some other companies require a minimum deposit of up to €1,000 and only allow users to buy cryptocurrencies with euro, Cabital won’t require a minimum deposit amount, and our customers can deposit and withdraw their digital assets and earnings in euro.

At Cabital, we want to be the digital wealth management platform choice for Europe, and by letting customers on-ramp with euro into digital assets and off-ramp with cryptocurrencies into fiat, we provide investors with a trusted on-and-off ramp solution.

We’d also like to share some closing remarks from Raymond Hsu, our CEO and co-founder:

“Today, Cabital crossed an important milestone in our journey to build an alternative and safe financial industry.

“Our purpose is to simplify investing in the crypto world for average investors, with a product that’s simple, secure, and sensible. Regardless of whether you’re a new or an experienced investor, we help you get more out of your digital assets to get you closer to your life goals sooner.

“Cabital’s successful seed round is a testament that we are in the right business, with the right product, with the right strategy and we will continue to deliver our promise of helping more people across the world reach their financial goals.”