L39 member Coinfirm raises $700k in ongoing round

L39 member Coinfirm raises $700k in ongoing round

Level39 blockchain AML and compliance firm Coinfirm has secured investment of $700k from Luma Ventures in an ongoing seed round. 

The startup, which has hot desks at Level39, received its investment from CEE-based fund Luma comprised of entrepreneurs across industries. They have also opened the round to other investors, intending to use the cash to expand and build services and features onto the platform.

“We’re growing at a very fast rate and need to scale up quickly to continue to lead and expand on the global market. Luma brings not only a valuable VC investor but also a synergistic one that brings many benefits to the table and we’re looking to bring in co-investors that provide the same dynamic. They give us a new set of extensive experience, network, and assets in tech and financial ecosystems as well as a partner who can assist us on in our further development from the ground up,” Pawel Kuskowski, Co-Founder and CEO of Coinfirm, stated.

Watch CEO Pawel talk about the platform below: