London based cryptocurrency advisor Luno has raised $9m in Series B funding led by Balderton Capital. Luno makes it safe and easy for people and businesses to store, buy, use, and learn about Bitcoin.
Luno, a bitcoin wallet and exchange based out of Singapore, is riding the crypto wave into Europe after it closed a $9 million Series B round for market expansion. The funding was led by new investor Balderton Capital, with participation from existing backer Digital Currency Group. South Africa’s AlphaCode — also a new arrival on the cap table — joined the deal which takes Luno, which was formerly called BitX, to $13.8 million raised to date. Major league investor Naspers, another that hails from South Africa, led a $4 million investment in June 2015. The products these backers are throwing their weight behind include a bitcoin wallet for storing crypto currencies, an exchange for buying them and merchant services that enable banks and retailers to work with bitcoin.