Celsius Community Sequence B Expands to $750M

Celsius Community’s Sequence B was expanded to $750 million, up from $400 million at a $3.25 billion valuation introduced October.

  • The information was first reported by Blockworks late on Nov. 24. The crypto lender’s CEO Alex Mashinsky and official account each tweeted the story, whereas the Celsius workforce confirmed the story to CoinDesk in a message.
  • Celsius closed a $400 million Sequence B in October led by progress fairness agency WestCap, and Caisse de dépôt et placement du Québec (CDPQ), bringing its valuation to $3 billion. The corporate on the time burdened that the spherical would enhance their credibility with regulators.
  • The lender has been focused by regulators in Alabama, Kentucky, New Jersey, and Texas over alleged securities legal guidelines violations.

Learn extra: 3 States: Alabama Securities Fee Additionally Claims Celsius Violated Securities Legal guidelines

UPDATE (Nov. 25, 05:23 UTC): Clarifies that valuation was in October in first paragraph.

Source link