Prasos, a Jyväskylä, Finland-based Bitcoin broker in the Nordics, raised €2.5M in funding.
The round – in which Prasos offered up to 15% of its equity and achieved over 1,000 new shareholders from Finland and abroad – was raised via the Invesdor platform.
The company intends to use the funds to invest in the expansion in Europe, study potential company acquisitions in target markets and further develop its exchange services.
Founded in 2012 by Henry Brade, CEO, Prasos focuses on the exchange of cryptocurrencies and asset management. The company, which has a current team of 15 professionals, operates under the following main brands:
– Coinmotion.com and
Trading volume across all Prasos services was over €100m in 2017.
The company, which has over 60 000 clients in Europe, also plans to develop a Cryptocurrency Investment fund.