Argent Labs Ltd’s $40 Million Series B Fundraising

In UK Taylor Wessing, advised on the matter.

Taylor Wessing advised Argent Labs Ltd with a team including Josef Fuss (Picture – Corporate M&A).

Argent Labs Ltd (‘Argent’) raised $40m in its Series B funding round to build a Web3 and DeFi ‘super app’ as well as lead its expansion into South America.

Argent attracted top crypto-specialist VC companies for its latest funding round; it was led by Fabric Ventures and Metaplanet and included new investors Animoca Brands and Jump Crypto alongside existing ones Creandum, Index Ventures and Paradigm. Taylor Wessing advised Argent on the financing round.

The crypto start-up, which was founded in 2017 by Itamar Lesuisse, Gerald Goldstein and Julien Niset, currently offers over 500,000 users a crypto wallet to buy, hold, sell and store cryptocurrencies and tokens. This latest investment will be for Argent to build a Web3 and DeFi ‘super app’, using the funding for product development, recruitment and expanding into South America.

The Taylor Wessing’s team was led by partner Josef Fuss (Picture – Corporate), with support from associate Joshua Gertner and trainee solicitor Phoebe Sennett (both Corporate) alongside senior associate Kelly Burke (Commercial) and associate Katie Fry-Paul (Regulatory).
 

Involved fees earner: Kelly Burke – Taylor Wessing; Katie Fry-Paul – Taylor Wessing; Josef Fuss – Taylor Wessing; Joshua Gertner – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Argent Labs Ltd;

Author: Giulia Di Palma