Vauld raises $25 million in Series A funding round

Vauld

Bangalore: Vauld, a global crypto platform has secured $25 million in Series A funding led by Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, Cadenza Capital, and others also participated in this funding round.

The funding will support the startup’s overseas growth and licensing as well as expand its retail crypto banking and investing platform.

Vauld has built a simple onramp for individuals around the world to easily access capital as well as grow their wealth through lending and trading cryptocurrencies. In partnership with exchange and custody partners — Binance and BitGo, Vauld offers a secure and accessible platform for users to rely in more than 160 countries.

“We’ve seen great momentum with Vauld and attribute it to both our technology as well as our customer support—that’s our strongest suit. And it’s proven because once customers start using Vauld, they don’t leave,” said Darshan Bathija, Co-founder and CEO – Vauld.

On the heels of recent momentum, with 124.4% quarter-over-quarter growth in AUM from 1Q21 to 2Q21, Vauld secured $25 million in Series A funding led by Valar Ventures, a VC firm founded by Andrew McCormack, James Fitzgerald, and Peter Thiel. Vauld will leverage the capital to build out its team, aiming to fill at least a hundred new roles, and further its global expansion.

“Valar’s focus is on transformative financial services companies. What cemented the deal is Vauld’s global positioning and ambitions and the vision Darshan and his team have for building their customers’ wealth through crypto. We look forward to Vauld benefiting from our team’s expertise in understanding how to build a global business across emerging tech hubs in Europe, Asia, and North America,” said Andrew McCormack of Valar Ventures.

Vauld’s suite of products offers users many ways to earn and build crypto wealth and continues to expand its suite of world-class crypto banking products. In addition to offering the best rates for earning interest by lending crypto (up to 12.68% APY, with weekly payouts) alongside no deposit or withdrawal fees and no fixed cap on your daily withdrawals, Vauld also offers trading and Automatic Investment Plans (AIPs).

“Singapore headquartered Vauld’s majority of team is in India. We’ve seen more than 200x growth in our global user base over the last year. We have a clear foothold in India and Valar’s investment is a true testament to the optimism we share for the large and emergent Indian market,” added Bathija.

Valar Ventures led Vauld’s Series A Round with participation from previous investors including Pantera, New Form Capital, Coinbase Ventures, CMT Investments, CoinShares, Robot Ventures, and others. The company has raised $27 million total capital since its inception.

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