Copy link
Increase text size
Decrease text size
Link copied

German crypto startup Donut secures $1.8M in seed round

Image: Donut (Twitter)

Mon, 18 Mar 2019, 11:51 am UTC

Crypto investment app Donut has secured $1.8 million in a seed funding round, CoinDesk reported.

The round was led by Redalpine Venture Partners, a Switzerland-based venture capital firm, with participation from EarlyBlock and Entrepreneur First, AngelList’s Philipp Moehring and Andy Chung, N26 bank board member Marcus Mosen, and others.

The company plans to use the fresh funding to expand its engineering and design teams. The funds will also be dedicated towards product development and strengthening partnerships.

Founded in 2018, Donut is a Berlin-based startup focused on building the next generation of products to enable users to get started within the digital asset ecosystem. It aims to simplify the process of creating a digital asset portfolio.

“We believe most people will have the majority of their wealth stored in digital assets within the next decade. That could be anything from cryptocurrencies to fractional ownership of art or owning a piece of unique land in virtual reality,” Donut co-founder and CEO Neel Popat said. “Our mission is to empower everyone to become an investor in that future.”

Speaking to CoinDesk, Popat said that the firm is targeting “first-time” crypto investors.

“We want to make crypto investing more accessible for the average consumer and help them educate about investing, crypto and the underlying technologies,” he said.

Using the app, users would be able to invest in baskets of digital assets through a “gamified user interface,” Popat said, adding that it is optimized for recurring micro-investing transactions.

The app is currently in beta and is gearing up for its public launch in summer. More than 5,000 users have already joined the waiting list, Donut said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,421.35 (-0.39%)
  • Ethereum (ETH) $219.25 (+1.82%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $237.41 (-0.05%)
  • Bitcoin SV (BSV) $189.94 (-0.76%)
  • Bitcoin (BTC) $9,421.35 (-0.39%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft