Edge, a “non-custodial cryptocurrency exchange and wallet platform” is raising capital from a group of industry participants as well as smaller investors. According to a release, Edge has launched a “pre-series A” round seeking $2 million hosted on BnkToTheFuture. The round is said to be led by Bitmex Ventures, BnkToTheFuture and Fenbushi Capital. Non-US qualifying investors may participate at a minimum amount of $1000. US accredited investors may be able to participate in September. The round is expected to close on November 7th.
BnkToTheFuture notes that it has “successfully serviced multi-million dollar funding rounds for BitStamp, Bitfinex, Kraken and over 100 others.” BnkToTheFuture previously partnered with Edge, then known as Airbitz, to raise capital in 2016.
“August has always been a quiet month for investing, yet Edge passed their minimum funding goal on their first day live on BnkToTheFuture.com.” said Simon Dixon, co-founder & CEO BnkToTheFuture.
According to the offering page, as of today, Edge has raised £328,000 from 19 investors for a convertible note.
Paul Puey, CEO of Edge, said that since January Edge has added a unique blockchain, five new exchanges for added liquidity, as well as launched various fiat integrations and after this funding round our top priority is to continue to integrate fiat-to-crypto exchanges in every possible jurisdiction.
“We have a robust roadmap ahead of us and are thrilled to have the added funding resources to meet our goal of becoming a global on-and-off ramp for crypto with no regulatory or banking relationship burden.”
BnkToTheFuture claims to have a community of over 87,000 “Professional Qualified Investors” from all over the world who have invested over $775 million in funding rounds listed on its investment platform including equity in Circle, Blockchain.com, Kraken, BitStamp, BitFinex, ShapeShift, BitPay and over 100 others. BnkToTheFuture previously operated in the UK but has since incorporated in the Cayman Islands.