Seed2 March 2021

BCB Group raises £3.2m from North Island Ventures and Blockchain.com Ventures to fund new initiatives.

The strategic round was co-led by North Island Ventures and Blockchain.com Ventures.

£3.2MSeed

BCB Group provides business accounts, foreign exchange, and cryptocurrency trading and custody services for digital asset institutions. It operates as a regulated financial services provider offering unified API infrastructure for the crypto economy.

BCB Group has secured £3.2m in a strategic funding round co-led by North Island Ventures and Blockchain.com Ventures. Additional backing came from Pantera, L1 Digital and Pack Capital.

The capital will be deployed to launch several new initiatives, including BCB Treasury for companies investing in bitcoin, BCB Yield Accounts, and BCB Wealth Partners for private wealth clients.

The raise follows a period of rapid growth for the firm, which recorded a nineteenfold increase in transaction volume over the preceding twelve months and processed over $4bn in February 2021 alone.

From the founder

"There’s so much more we want to offer our clients, and many untapped regions we’d like to be in to help those markets grow via reliable payments and market infrastructure. This funding round comes at a very exciting time for BCB Group and will be transformative for our client experience."

Oliver von Landsberg-Sadie

Founder and CEO at BCB Group

Investor perspective

"Access to banking services and the disconnect between fiat banking and core crypto services has been a longstanding pain point for blockchain companies. BCB addresses a large and growing need with their holistic service offering, which industry leaders have grown to now rely on"