True Global Ventures 4 Plus Fund has invested $5.7 million and led the Series B round of $17 million into Coinhouse, a French company which has been providing cryptocurrency management and transaction services since 2015.
“Its objective is to make Crypto-assets accessible to as many people as possible, and within a regulated framework which guarantees the serenity for investors,” says Nicolas Louvet, Co-founder & CEO of Coinhouse and Coinhouse Custody Services.
The company will use the funds to expand in Europe and strengthen its team to support its growth and allow European customers, individuals, businesses, to diversify and grow their savings, Louvet said in a statement released Tuesday.
“I am very enthusiastic about Coinhouse’s future. They have shown strong profitable growth, and are very well positioned with high quality services in France and Europe to welcome the new demand from High Networth individuals, family offices and companies who are investing into digital assets” Frank Desvignes, French Partner of True Global Ventures.
Coinhouse is PSAN registered with the Autorité des Marchés Financiers as the French authorities have recognized the seriousness and quality of their compliance operations.
Since their spin-out from Ledger in 2017, Coinhouse is has been providing users to buy, hold and sell their Bitcoin, Ethereum and more than 40 crypto assets.
Coinhouse claims they have more than 500,000 clients in Europe.