EXCLUSIVE: Crypto wallet ZenGo is raising funds at a flat valuation of $100 million By Yogita_Khatri5
ZenGo is raising $10 million in a Series A extension round via convertible notes, according to a pitch deck obtained by The Block.
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. "We routinely talk to investors all the time that express interest in our company but cannot comment further on any rumored operation,” ZenGo co-founder and CEO Ouriel Ohayon said.The fundraising effort comes as non-custodial wallets have risen in popularity following last year's high-profile crypto collapses, including FTX, Celsius and BlockFi. ZenGo offers a software wallet that helps users self-custody their crypto holdings rather than trust centralized players.
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