Celsius Network Raises $750M in Series B
Celsius Network has successfully raised $750M in a Series B at a $3B valuation led by Tether, CDPQ.
Company Overview
Celsius Network is a Crypto company headquartered in Hoboken, NJ, founded in 2017 with 500+ employees.
Cryptocurrency lending platform
Fundraising Details
- Amount Raised: $750M
- Round Type: Series B
- Valuation: $3B
- Date: 2024-09-30
- Investors: Tether, CDPQ
About Celsius Network
Cryptocurrency lending platform The company is positioned in the Crypto sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Hoboken, NJ
- Founded: 2017
- Team Size: 500+
- Industry: Crypto
What This Means
This funding round demonstrates strong investor confidence in Celsius Network's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Crypto sector continues to attract significant investment as companies innovate to meet evolving market demands. Celsius Network's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Celsius Network, positioning the company among notable players in the Crypto industry.
Looking Ahead
With this new capital, Celsius Network is well-positioned to execute on its growth strategy and continue building innovative solutions in the Crypto space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-09-30. For more information about Celsius Network, visit their headquarters at Hoboken, NJ.
