Crypto wallet ZenGo is raising funds at a flat valuation of $100 million
Cryptocurrency wallet provider ZenGo is raising funds in a Series A extension round. The Israel-based startup hopes to raise $10 million via convertible notes before targeting a full Series B round later this year, according to a pitch deck obtained by The Block.
The Series A extension is pegged at the same $100 million post-money valuation as ZenGo's Series A round nearly two years ago, according to a separate pitch message seen by The Block. ZenGo bagged $20 million in Series A funding in April 2021 from investors including Insight Partners, Austin Rief Ventures and Samsung Next. It did not disclose a valuation at the time. ZenGo currently has over 800,000 registered users and targets 2 million users this year and $1 million to $2 million in annual revenue, according to the deck.
Source
https://t.me/DeFi_Ethereum
