How Long Does Series B Funding Last?
There is no typical time frame as to how long a Series B funding round lasts. The round is used to improve a company’s operations and further its growth plans. If further funding is needed after this round, the company may turn to a Series C round.
What Are Crypto Series B funding Rounds?
Several cryptocurrency companies and startups have successfully raised Series B rounds. Below is a selection of several crypto Series B rounds.
Yellow Card
Yellow Card is a pan-African crypto exchange and announced a $40 million Series B funding round in October 2022. The round was led by Polychain Capital.
Uniswap
Uniswap (UNI) is a DeFi protocol and announced a $165 million Series B funding round led by Polychain Capital. The funding round values the company at $1.66 billion.
Messari
Messari is a crypto data and analytics firm that closed a $35 million Series B round in September 2022 led by Brevan Howard Digital.
Pintu
Pintu is an Indonesian cryptocurrency trading app that raised a $113 million Series B round in February 2022. The round was led by Pantera Capital.
FTX (FTT) is a major centralized exchange that raised a Series B-1 of $420 million at a $25 billion valuation in October 2021. It had previously closed a $1 billion Series B round with the participation of over 70 investors.