Coinspeaker
Bitcoin Startup River Raises $35 Million in Series B Funding Round
River, a Bitcoin technology and financial services startup, has completed a $35 million Series B funding round. This follows after its $12 million Series A round in 2021.
The new round was led by Kingsway Capital and also saw participation from contributors such as Alarko Ventures, Valor Equity Partners, Goldcrest, Cygni, and M13 among others.
Billionaire investor Peter Thiel also backed the investment round as River continues to aim at creating a robust financial system with Bitcoin.
To this end, a company press release quotes River CEO Alex Leishman as saying:
“This funding round demonstrates our commitment to championing an honest and robust financial environment through the use of bitcoin – the world’s only incorruptible digital currency.”
Bitcoin Startup River to Use Funding to Boost Lightning Transactions
Primarily, River offers a range of Bitcoin-focused services, including mining, brokerage,
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