Portfolio

Luno raises $9m and expands to new markets

BY BALDERTON

We're delighted to announce today funding in Luno, one of the world's most popular cryptocurrency platforms. Luno is launching across several new European markets, enabling people from 40 countries around the world to easily buy, sell and store cryptocurrency.

Marcus Swanepoel, Luno CEO shared his views on how the cryptocurrency market will develop and disrupt financial services as we know it in his Medium post "Looking in the rearview mirror: why Bitcoin adoption is bigger, faster, and closer than you think."

Bitcoin adoption is bigger, faster and closer than you think

Marcus Swanepoel, founder and CEO, Luno

The Luno team is one of the strongest in the space, and their grand vision and ability to execute has enabled them to build a global business from day one. We’re excited to be part of their journey.

Tim Bunting, partner, Balderton

Luno will be deploying the funding for product development and service expansion, and will be hiring new talent in their offices in London, Cape Town and Singapore.

Read Luno's blog post about the announcement.

Read Colin's Medium post 'Our investment into Luno.'

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