Danish blockchain payments outfit Coinify has raised $4m in series A investment round from SEB Venture Capital, an entity within the SEB Group, and SEED Capital Denmark.
SEED Capital Denmark first invested in Coinify back in 2014, while this new investment comes from their newly established 3rd venture fund.
Coinify co-founder and CEO Mark Hojgaard said the company plans to use this investment to sustain its leading position in Europe and expand blockchain payment and trade products into Asia.
Lars Andersen, general partner in SEED Capital Denmark, said: “We believe that digital currencies and the blockchain technology have the potential to spawn decades of disruptive innovation in financial services. Coinify has a good foothold in the market and with this particular syndication they are well-positioned to play a key role in the transformation ahead.”
SEB Venture Capital head David Sonnek said: “Coinify has developed a unique platform for blockchain payments and fits perfectly in our portfolio of FinTech investments. We at SEB Venture Capital really look forward to contribute to Coinify’s future development.”