
VALR
OperatingVALR bridges the gap between our traditional financial system and the new world of cryptocurrencies.
- Bitcoin
- Johannesburg, South Africa
- Series B
- Founded 2018
- valr.com ↗
- Total raised
- $54.9M
- disclosed
- Last round
- $50M
- Series B
- Rounds
- 3
- since 2018
- Investors
- 15
- on record
- Employees
- 2-10
About VALR
VALR bridges the gap between our traditional financial system and the new world of cryptocurrencies. Here's why: There is a socio-financial transition taking place in the world. The organisation of our world into nation-states no longer ministers to the needs of humanity. Humanity yearns to be unified; yet our structures continue to divide us. Money is one of those structures, predominantly defined by the nation-state. The divisions and frictions caused by our antiquated nation-state system have permeated our financial system. These frictions license financial intermediaries to extract financial value from humanity’s cross-border relationships, often at exorbitant rates. “It is expensive to be poor” is truer in the financial industry than any other. We need a new organisational paradigm for society that transcends the nation-state. This in turn will remove some of the frictions in our financial system. But our political systems are mired in vested interests that a deliberate transition by those in power to a system that puts the whole ahead of its constituent parts seems unimaginable, propagating the financial frictions. In the absence of a societal paradigm that eliminates these man-made frictions, cryptocurrencies (and cryptoassets in general) have emerged and rise above national borders. Cryptocurrencies hold the promise of being the most frictionless asset class humanity has ever seen. Yet the process to access these assets from our traditional financial system remains difficult. VALR bridges the gap between our traditional financial system and the new world of cryptocurrencies. Our mission is to usher in a new financial paradigm.
VALR funding3 rounds
All 3 rounds →VALR has raised $54.9M across 3 disclosed rounds. The latest is a $50M Series B announced 28 Feb 2022, led by Pantera Capital.
- $1.5MSeedSeed, $1.5M, $1.5M raised to date
- $3.4MSeries ASeries A, $3.4M, $4.9M raised to date
- $50MSeries BSeries B, $50M, $54.9M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in VALR
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 28 Feb 2022 | VALR Series B | Pantera Capital +10 | $50M |
| 21 Jul 2020 | VALR Series A | 10x Group +3 | $3.4M |
| 28 Feb 2019 | VALR Seed | Montegray Capital | $1.5M |
VALR founders & team
- Badi SudhakaranCo-Founder & CPO
- Farzam EhsaniCo-Founder & CEO
VALR competitorssame sector · similar funding
More Bitcoin startups in South Africa
- Centbee
Centbee is the easiest way to store, spend and send Bitcoin SV safely on your mobile phone · South Africa
- Custos Media Technologies
Custos uses patented blockchain incentives to stop media piracy. Over 120 000 movies protected to date. · South Africa
Frequently asked about VALR
- Where is VALR based and when was it founded?
- VALR is headquartered in Johannesburg, South Africa and was founded in 2018.
- Who founded VALR?
- VALR was founded by Badi Sudhakaran (Co-Founder & CPO) and Farzam Ehsani (Co-Founder & CEO).
- Who is the CEO of VALR?
- Farzam Ehsani is VALR's Co-Founder & CEO.
- How much funding has VALR raised?
- VALR has raised $55M across 3 disclosed rounds. Its latest, a $50M Series B, was announced on Feb 28, 2022.
- Who has invested in VALR?
- Backers include Pantera Capital, Alameda Research, Cadenza, CMT Digital and 11 others.
- What sector is VALR in?
- VALR operates in Bitcoin, Financial Services and FinTech.