Shakepay, a Canada-based exchange for bitcoin (BTC) and ether (ETH), announced that it has closed $44 million in Series A funding. The round was led by QED Investors, a US-based venture capital firm.
“We love our dedicated community of shakers, and this funding is going to work well in bringing you more products and services to help you earn, access, and build wealth in bitcoin. In 2021, we grew 381% to over 900,000 shakers with a total volume of $6 billion and our team grew from approximately 20 people to 75 across Canada. Imagine what this funding could mean for 2022 and the future beyond.
– The Shakepay Team
As part of this fundraising, Matt Burton, Partner at QED Investors, will join Shakepay’s Board of Directors, alongside founders Jean Amiouny, CEO, and Roy Breidi, CTO.
Continued participation has also come from Boost VC and BoxOne Ventures, while Series A has recently included participation from Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar and several heads of Shopify product.
