Today we’re thrilled to announce our successful capital raise of $25 million USD in Series A funding, led by Valar Ventures — a VC firm founded by Andrew McCormack, Peter Thiel, and James Fitzgerald. Other notable investors who participated in this round include Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, and Cadenza Capital, and these funds will allow us to scale our team, accelerate our international growth and licensing efforts, and expand our retail crypto banking and investment offerings.
This infusion of capital could not have come at a better time. Over the past year, Vauld has expanded its global user base over 200x, and our quarter-over-quarter growth in AUM increased 124.4% from Q1-Q2 2021. And while we are headquartered in Singapore, most of our team members are in India, and Valar’s investment is a true testament to the optimism we share for the large and emergent Indian market, as well as our goal of becoming a full-stack global digital banking platform.
“Valar’s focus is on transformative financial services companies. What cemented the deal is Vauld’s global positioning and ambitions and the vision Darshan and his team have for building their customers’ wealth through crypto,” said Andrew McCormack of Valar Ventures. “We look forward to Vauld benefiting from our team’s expertise in understanding how to build a global business across emerging tech hubs in Europe, Asia, and North America.”
Access to convenient, cost-effective financial services remain inaccessible to massive segments of the global population, and our goal is to build a simple easy-to-use onramp that anyone in the world can use to access capital, grow their wealth, and take tangible steps towards financial independence. This means creating a feature-rich ecosystem that anyone, from unbanked individuals to experienced investors, can find genuine value in using,
“We’ve seen great momentum with Vauld and we attribute it to both our technology as well as our customer support—that’s our strongest suit and it’s proven because when customers start using Vauld, they don’t leave,” said Darshan Bathija, Co-founder and CEO of Vauld. “This capital will help propel Vauld to the next level. We built a platform that is truly user-first and we are humbled that Valar Ventures shares in our vision.”
We are excited to kick start this new chapter at Vauld, and will be using the momentum generated by our Series A raise to expand our evolving suite of world-class cryptobanking products. This would not have been possible without our community’s patronage and support, and we look forward to taking Vauld to the next level with you!