Swiss Bitcoin Platform Relai Raises $4.5 Million in New Funding Round

03/07/2023 02:14 • Tech Ticker • 139 views

It is reported that the Swiss Bitcoin platform Relai announced the completion of a new round of financing of US $4.5 million, with the participation of ego death capital and Timechain, Cabrit Capital, Lightning Ventures, Redalpine and Fulgur Ventures.

Relai, a Swiss Bitcoin platform, completed a financing of US $4.5 million, and ego death capital led the investment

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Relai, a Swiss Bitcoin platform, has successfully completed a new funding round worth $4.5 million. The funding round saw participation from a number of high-profile investors, including ego death capital, Timechain, Cabrit Capital, Lightning Ventures, Redalpine and Fulgur Ventures.

This funding round is a significant milestone for Relai, which has steadily grown in popularity since its launch in 2019. The platform’s user-friendly interface and low fees have made it a popular choice for those looking to invest in Bitcoin.

With the new funding, Relai plans to expand its services and continue its mission to make Bitcoin investing accessible to everyone. The company has already made significant strides in this area, with its innovative mobile app that allows users to invest in Bitcoin with just a few clicks.

Relai’s success comes at a time when interest in Bitcoin is on the rise. The digital currency has seen significant price growth over the past year, and more and more people are turning to Bitcoin as a way to diversify their investment portfolios.

The involvement of ego death capital and Timechain in this funding round is particularly noteworthy. Ego death capital is a crypto-focused venture capital firm that has previously invested in companies such as Coinbase and Kraken. Timechain, meanwhile, is a blockchain-based platform that facilitates secure trading of digital assets.

Together with the other investors, these two firms are bringing not just financial resources, but also valuable expertise and knowledge to the table. This could be a major asset to Relai as it seeks to expand and evolve its services in the coming years.

In conclusion, Relai’s successful funding round is a promising sign for the future of Bitcoin investing. With its innovative platform and strong backing from high-profile investors, Relai is well-positioned to continue its growth and success in the years to come.

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