Friday, October 7

iTrustCapital Raises $125M, Surpasses $1B Valuation By Cointelegraph

©Reuters. iTrustCapital raises $125 million and exceeds $1 billion valuation

Cryptocurrency 401(k) and individual retirement account provider iTrustCapital said it had raised $125 million in a growth capital investment, taking its valuation to $1.3 billion.

In an announcement on Wednesday, iTrustCapital said it had completed a $125 million Series A growth capital investment led by New York-based venture capital firm Left Lane Capital. The company said it planned to use the funds to expand its line of existing products and services, as well as explore strategic acquisitions.

“We are equally excited to partner with iTrustCapital to help support their mission of providing access to cryptocurrency and other alternative investment products through self-directed IRAs,” said Left Lane Capital Board Member Matthew Miller. “iTrustCapital serves clients seeking long-term, tax-advantaged exposure to cryptocurrency as an asset class.”

Read the full article on Cointelegraph

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