Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Celsius CEO Alex Mashinsky said that the oversubscribed $750 million funding round was a “very good indication” of the strength of the company's lending and yielding brand. Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise.The company is now valued at $3.5 billion following the raise and CEO Alex Mashinsky told Cointelegraph he expects that figure to “double or triple” next year which would see it valued between $7B and $10.5BThe firm previously closed the round on Oct.....


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