Bitso, a Mexico City-based crypto platform, closed $62m in Series B funding.
The round was led by Kaszek Ventures and QED Investors with participation from existing shareholders Coinbase Ventures and Pantera Capital. Nigel Morris from QED and Nicolas Szekasy from Kaszek have joined the board.
The company intends to use the funds to accelerate growth into Latin America and extend its engineering team.
Founded in 2014 by Daniel Vogel, CEO, Bitso is a cryptocurrency platform with an active community of over one million users. The company offers two main products: an app for new or experienced cryptocurrency users to buy, sell, send, or receive crypto easily; and Bitso Alpha, a professional-grade crypto trading platform.
The company now over 200 employees from 25 different countries.