Crypto startup Vauld raises $ 25 million in round led by Peter Thiel’s fund

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Vauld, the cryptocurrency-based financial products platform, has received an investment of $ 25 million in Series A funding, led by Valar Ventures, backed by Peter Thiel. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner and Cadenza Capital also participated in the round. The funding will be used to support the company’s international growth and licensing, as well as to expand its retail investment and crypto-banking platform.

“We’ve had great momentum with Vauld and we attribute that to both our technology and our customer support. This is our strong point and it has been proven because when customers start using Vauld, they don’t leave, ”said Darshan Bathija, Vauld co-founder and CEO. “This capital will help take Vauld to the next level. We have built a truly user-centric platform and are honored that Valar Ventures shares our vision. ”

The company said it recorded 124.4% quarter-over-quarter growth in its assets under management from 1Q21 to 2Q21. Vauld will leverage the capital to strengthen its team, with the goal of filling at least 100 new positions, and continuing its global expansion.

Vauld built a simple ramp for individuals around the world to easily access capital and increase their wealth by lending and trading cryptocurrency. In partnership with its respective exchange and custody partners, Binance and BitGo, Vauld said it offers a secure and accessible platform that users rely on in more than 160 countries.

“Valar is focused on transformative financial services companies. What cemented the deal was Vauld’s global positioning and ambitions and the vision that Darshan (Bathija) and his team have to build their clients’ wealth through crypto, ”said Andrew McCormack of Valar. Ventures. “We look forward to Vauld benefiting from the expertise of our team to understand how to build a global business in emerging technology hubs in Europe, Asia and North America,” said Andrew McCormack of Valar Ventures.

Vauld’s suite of products offers users many ways to earn and build crypto wealth. It continues to expand its line of crypto banking products.

“Although Vauld is headquartered in Singapore, the majority of our team is located in India and we have seen over 200-fold growth in our global user base over the past year,” Bathija said. “We clearly have a foothold in India and Valar’s investment is a true testament to the optimism we share for the large and emerging Indian market.

The company has raised total capital of $ 27 million since its inception.

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