Newton, a Toronto, Canada-based cryptocurrency trading platform, raised US$20M in Series B funding.
The round, which brings Newton’s valuation to approximately US$200m (CAD$253 million), was led by DV Chain with participation from CI Financial Corp., Singh Capital Partners, Anthony Pompliano, Tiny Capital and Snowdevil Capital.
The company intends to use the funds to further develop its technology, platform and infrastructure, attract new talent, grow its marketing and distribution channels to enhance user acquisition, and for general working capital purposes.
Led by CEO Dustin Walper, Newton operates a low-cost crypto asset trading platform for Canadians, offering a way for individuals to on-ramp and off-ramp fiat, buy and sell crypto from a list of over 60 crypto assets, and withdraw or deposit crypto assets, on any device, with access to some of the best prices for crypto assets in Canada.
The company has filed an application for registration as a restricted dealer with the Ontario Securities Commission (OSC) and the securities regulatory authorities in all other provinces and territories of Canada and is actively engaged with the OSC regarding registration matters.
FinSMEs
10/02/2022