Crypto investment platform Crypso raises $3 million in seed funding

Community-led cryptocurrency platform Crypso has raised $3 million (23.9 million rupees) in seed funding. The investment platform plans to use the capital to increase its user base and the platform’s engagement with crypto creators, traders and influencers.

In addition, Crypso is seeking funding to expand the breadth of its product offering and other technological aspects of the platform. The seed funding was pooled from various prominent angel investors including Hashed Emergent, Athera Venture Partners, Whiteboard Capital, CRED Founder Kunal Shah and Polygon Founders Sandeep Nailwal and Jaynti Kanani.

Crypso acts as a platform for crypto users, traders, investors and influencers to connect with each other. Crypso users have the opportunity to discover and learn about the latest crypto trends by engaging with the industry experts and influencers and investing in various altcoins generated by the crypto experts via one-click trading signals.

Founded by Suraj Kalwani, Ravi Chirania and Rakesh Raman, this community-focused platform also offers users a space to have community discussions with like-minded people and learn the intricacies of crypto trading. The seed funding is intended to spur growth, which the platform has ample scope for.

Talking about the use of their platform, Kalwani explained that Crypso helps bridge the “discovery and transaction loop with a strong hook in guided crypto investments.” “Users can connect with peers and experts, track their portfolio movements, and stay up to date on crypto trends and investment opportunities,” he added in the statement.

Regarding the seed funding, Kalwani stated, “This seed funding, raised by marquee early investors, angels and crypto-focused investors, provides us with the fuel for growth and reinforces our belief in building a delightful consumer app for the growing crypto user base in India.”

Athera Venture Partners, one of the investors, previously partnered with the three founders of Crypso for their other company called Truebil, a virtual auto trading marketplace. Commenting on the funding, Rutvik Doshi, Managing Partner of Athera Venture Partners said, “We have partnered with Suraj and the Truebil team and have seen firsthand their ability to solve complex problems. I am happy to support them this time with Crypso from day 1.”

Launched in 2022, Crypso immediately struck a chord with crypto enthusiasts. Within a month of launch, the community-first platform boasted over 50,000 users and more than 100 crypto creators, influencers, and experts. The platform, which currently only runs on Android, saw more than one million trading volumes within weeks of its launch in January.

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