Brown Rudnick advised Coinfirm on the deal, while DLA Piper advised SIX Fintech Ventures.
Coinfirm, an industry-leading blockchain analytics and anti-money laundering solutions platform, announced an $8m Series A funding round with investment from five venture capital funds. The Series A is co-led by SIX Fintech Ventures, the corporate venture arm of SIX, and FiveT Fintech, followed by MiddleGame Ventures. Mission Gate and CoinShares also participated in this round.
Coinfirm leads the industry in compliance for cryptocurrency using powerful analytics across the most comprehensive blockchain database. Since 2016 it has been powering the mass adoption of blockchain and the firm covers 98% of the market with over 250 clients globally. The company is headquartered in London with offices in Poland and Japan.
SIX is a financial market infrastructure provider that invests in global early stage start-ups to strengthen the innovation and competitiveness of the Swiss and Spanish financial centres.
FiveT Fintech, a recent spin out of Avaloq Ventures, is a fintech investment fund which helps banks and financial service providers to venture into new areas and provide early-stage fintech companies with a platform to prosper and scale.
This was a cross-border deal with investors based across a number of jurisdictions including Switzerland, Luxembourg, Jersey and Nevis.
The Brown Rudnick deal team included Neil Foster (Picture), Tim Davison and Sage Revell.
The DLA Piper team was led by partner Simon Vogel (Corporate/Private Equity, Munich) and also comprised partner Martin Bartlam, senior associates Chris Whittaker (both Finance & Projects), Alasdair Muller (all London), Linzi Penman (both IPT, Edinburgh) and associate Oliver Schmidt (Corporate/Private Equity, Munich).
Involved fees earner: Tim Davison – Brown Rudnick LLP; Neil Foster – Brown Rudnick LLP; Sayjel Revell – Brown Rudnick LLP; Martin Bartlam – DLA Piper; Alasdair Muller – DLA Piper; Linzi Penman – DLA Piper; Oliver Schmidt – DLA Piper; Simon Vogel – DLA Piper; Chris Whittaker – DLA Piper;