The money was raised by venture capitalists including existing investors such as the state fund Coparion and new ones such as DIP Capital. It is thus expanding its EUR 15 million round that Nuri, at the time Bitwala, completed in the winter of 2020. According to Finance Forward, the rebrand and company’s name change aims to reach a broader target group by focusing on long-term blockchain-based investments, which this investment round will support.
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