CoinReport Crypto trading platform Radar Relay raises $10M in Series A
Downtown Fort Collins, Colorado. Radar Relay is located at 824 South College Avenue, Fort Collins, CO 80524.
Fort Collins, Colorado-headquartered wallet-to-wallet decentralized cryptocurrency trading platform Radar Relay has raised $10 million at the completion of its Series A funding round, according a press release CoinReport received from Wachsman, Radar’s PR firm.
The funding round was led by Blockchain Capital with contributions from top investment companies that include Collaborative Fund, Tusk Ventures, Reciprocal Ventures and Distributed Global, among others.
The investments will assist in the worldwide growth of the company platform, strategic hiring and new product research.
“The support from these leading venture capital and investment firms — many of whom also participated in our seed funding round last year — validates our progress towards onboarding the world to the token economy,” said Radar Relay CEO Alan Curtis in the press release we received. “Executing on our mission may take time, but with their support and industry knowledge, we can build an enduring, multigenerational company.”
San Francisco-based Blockchain Capital was established in 2013. It is one of most recognized and active venture investors in the blockchain space. Back in March, the investment firm raised $150 million for its fourth fund, bringing its total value of assets under management to $250 million. Since its inception, Blockchain Capital has assisted in financing top blockchain firms, tokens and protocols such as Kraken, Coinbase, Circle and ShapeShift.
“The Radar Relay team has consistently demonstrated a superior ability to execute, ship, and deliver product that exceeds expectations and pushes the industry to higher standards,” Blockchain Capital partner Spencer Bogart commented on the occasion.
“While Radar’s delivery to date has been exceptional,