• German crypto firm Finoa raised $15 million in a round co-led by Maven 11 and Balderton.
• The funds were raised at the same $100 million valuation as Finoa’s Series A in 2021, a source told The Block.

Finoa, a Germany-based crypto custodian and staking services provider focused on serving institutional clients, raised $15 million in a strategic funding round co-led by Maven 11 Capital and Balderton Capital.

Other investors in the round included Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars, Finoa said Tuesday. The equity round began in June last year and closed in December, Christopher May, co-founder and co-CEO of Finoa, told The Block in an interview.

https://www.theblock.co/post/271200/crypto-custodian-finoa-funding-valuation