Coinify, a Copenhagen, Denmark-based virtual currency platform, raised an additional $4.8M bridge round.
The round was led by Nordic Eye, with an investment of $1.4M, SEB Venture Capital and SEED Capital Denmark.
The company intends to use the capital to expand operations in 2018 and scale the business in specific regions.
Founded in 2014 by Mark Højgaard, CEO, Coinify provides a virtual currency platform which powers trading and payments in virtual currency for consumers, businesses and institutions alike.
Coinify, with 30 employees and counting, has previously raised $4M in A round. An upcoming B-round is planned for beginning of 2018.