South African crypto alternate VALR has raised $50 million in a Collection B fairness funding spherical, marking the largest-ever funding for an African crypto alternate.
With this newest spherical of funding, VALR’s valuation has elevated to $240 million, a 10X in progress because it raised its $3.4 million in a Collection A spherical in July 2020. This spherical was led by VC Pantera Capital, Alameda Analysis, Coinbase (NASDAQ:) Ventures, and a number of other others.
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