London-based cryptocurrency startup raises $8m funding from Target, Localglobe, and MMC

**Title:** Copper Secures $8M Funding Round from Major Investors | City AM News

**Description:**

[Copper](https://www.cityam.com/london-crypto-startup-secures-8m-from-target-localglobe-and-mmc/), a leading cryptocurrency asset management startup, has closed an $8 million funding round from prominent investors including Target Global, Localglobe and MMC Ventures. These investors have previously backed successful companies such as Transferwise, Delivery Hero, Interactive Investor and Gousto.

Copper specializes in designing and managing custodial products for institutions using digital assets, such as cryptocurrencies. With this new funding, Copper plans to expand its operations in North America and Asia, establishing a strong presence in these key regions.

Dmitry Tokarev, the Founder and CEO of Copper, expressed gratitude for the investors’ support, highlighting their confidence in the company’s growth potential. Copper intends to leverage this funding to scale up its operations, recruit talented teams in strategic locations, and introduce innovative products and services to cater to the evolving needs of its clients.

This funding round follows Copper’s earlier successful seed round, which raised $1.3 million in 2018. Additionally, the company recently announced its plans to provide prime brokerage services, further expanding its offerings in the cryptocurrency market.

Oliver Richards, a partner at MMC Ventures, commented on their investment in Copper, stating, “We are incredibly excited to back Dmitry and the Copper team as our first investment in this space. Institutional interest in digital assets is growing, and we believe Copper offers a compelling and unique solution to firms looking to invest.”

Copper’s flagship product, Walled Garden, facilitates secure and instant trades across different cryptocurrency exchanges, providing unparalleled access to 96% of global crypto liquidity. With over £500 million in monthly transactions, Copper has established itself as a trusted partner for institutional investors in the digital assets market.

[Click here](https://www.cityam.com/london-crypto-startup-secures-8m-from-target-localglobe-and-mmc/) to read the full article on City AM, a leading source for global financial news.

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For more information on this funding round and Copper’s expansion plans, visit the [news article link](https://www.cityam.com/london-crypto-startup-secures-8m-from-target-localglobe-and-mmc/).

**Tags**: #Copper #Cryptocurrency #Investment #Funding #DigitalAssets #WalledGarden #GlobalCryptoLiquidity #CityAM

Source: [City AM](https://www.cityam.com/london-crypto-startup-secures-8m-from-target-localglobe-and-mmc/)

Reported today on City AM

For the full article visit: https://www.cityam.com/london-crypto-startup-secures-8m-from-target-localglobe-and-mmc/

Cryptocurrency asset management startup Copper has today revealed the close of an $8m (£6.1m) funding round from a number of major investors.Target Global, Localglobe and MMC Ventures all participated in the series A round, which have backed the likes of Transferwise, Delivery Hero, Interactive Investor and Gousto between them.Copper, which designs and manages custodial products for institutions using digital assets such as cryptocurrencies, said it will use the funding to establish presences in North America and Asia.Founder and chief executive Dmitry Tokarev said: “This venture funding round is a real vote of confidence from investors. Their support will allow us to accelerate our scale up, hiring teams in key regions and introducing new products and services to better meet their needs.” Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime It previously raised a seed round of $1.3m in 2018, and recently announced plans to provide prime brokerage services.”Following some extensive blockchain research we are incredibly excited to back Dmitry and the Copper team as our first investment in this space,” said MMC partner Oliver Richards.”Institutional interest in digital assets is growing and we believe Copper offers a compelling and unique solution to firms looking to invest.”The firm’s Walled Garden product, which offers secure and instant trades across different exchanges, now covers 96 per cent of global crypto liquidity and manages over £500m in transactions each month.