BitOasis, the Middle East and North Africa-based crypto exchange, announced today it has wrapped up its Series B round, the company has closed $30 million in funding from new and existing investors.
This round was co-led by Chicago-based VC firm Jump Capital, along with MENA region’s Wamda, and seeks to propel BitOasis on an accelerated growth path.
The fundraising round welcomed new investors including Alameda Research and Global Founders Capital, with existing investors Pantera Capital, Digital Currency Group, and NXMH further contributing.
“Our aim is to build the largest and most trusted cryptocurrency platform in the region, and our latest investment round serves as a vote of confidence in the BitOasis growth story. It further speaks to the state of interest in the MENA region’s growing crypto ecosystem, with global investors and venture capital heavyweights backing the region’s home-grown businesses. This new capital is going to equip us with the resources we need to expand our regional presence while ensuring high standards of regulatory compliance. We work proactively with regulators across the region and will acquire licenses where available “
– Ola Doudin, CEO & Co-Founder of BitOasis
BitOasis, the Center East and North Africa-based crypto alternate, introduced at the moment it has wrapped up its Collection B spherical, the corporate has closed $30 million in funding from new and present buyers.
This spherical was co-led by Chicago-based VC agency Leap Capital, together with MENA area’s Wamda, and seeks to propel BitOasis on an accelerated development path.
The fundraising spherical welcomed new buyers together with Alameda Analysis and World Founders Capital, with present buyers Pantera Capital, Digital Forex Group, and NXMH additional contributing.
“Our goal is to construct the most important and most trusted cryptocurrency platform within the area, and our newest funding spherical serves as a vote of confidence within the BitOasis development story. It additional speaks to the state of curiosity within the MENA area’s rising crypto ecosystem, with world buyers and enterprise capital heavyweights backing the area’s home-grown companies. This new capital goes to equip us with the sources we have to increase our regional presence whereas making certain excessive requirements of regulatory compliance. We work proactively with regulators throughout the area and can purchase licenses the place accessible “
– Ola Doudin, CEO & Co-Founding father of BitOasis