- The funding was led by IDG Capital with contributions from Bitmain as well.
- According to Liquid’s press release, This valuation establishes Liquid as one of only two tech unicorns in Japan’s startup space.
Liquid, the Japanese crypto trading platform announced that it has hit more than a $1 billion in valuation following their latest Series C funding round. The funding was led by IDG Capital, a venture capital firm, with contributions from Bitmain, the Chinese crypto mining hardware manufacturer, as well.
Liquid CEO Mike Kayamori said:
“As we enter into a new age of digital disruption in financial services, consumers are increasingly placing a higher value on digital assets and technologies they can trust and use with greater ease. Our vision is to make financial services accessible to all, which means bringing more people into the digital asset space so that anyone can be a part of it. This first round of Series C funding from our two highly respected investors, IDG Capital and Bitmain, puts us in an incredibly strong position to make a global impact in 2019.”
Bitmain Co-founder Jihan Wu said:
“Japan is one of the leading nations in putting crypto industry under proper regulations, and Liquid Group has proven itself to be the exemplary player within such compliant rules. This is a very important and unique moat amid global competition.”
General Partner of IDG Capital Young Guo said:
“IDG has been actively investing in the global crypto space since 2012, identifying some key players early. We came to realize that Tokyo has emerged as a top destination for crypto innovation and it is our honor to back such visionary pioneers as Liquid Co-founders Mike Kayamori and Mario Gomez Lozada to carry out this innovation.”
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