# Bitwala

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitwala

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.bitwala.com
- Total disclosed funding: $50M
- Latest round: Series B (Jun 26, 2021)
- Investors on record: 9

## About

Founded in 2014 and based in Berlin, Germany, Bitwala GmbH formerly known as Nuri operates as a financial technology company providing blockchain technology-based mobile applications for bitcoin banking. In February 2024, Bitwala GmbH raised venture funding led by investor Blockchain Founders Fund. The firm as of July 2024, has over 150k app downloads, with a historic transaction volume exceeding EUR 3 billion and assets under management totaling EUR 500 million, and is led by its Managing Director, Dennis Daiber and Jan Goslicki.

The company offers a suite of services designed to empower users in the European Economic Area to seamlessly transact, invest, and manage their finances through digital solutions. Bitwala’s core offerings include custodial and self-custodial wallets for Bitcoin and Ether, enabling users to securely send, receive, and store cryptocurrencies. Additionally, users can trade crypto 24/7, facilitating instant buying and selling with Euro deposits and withdrawals via virtual IBANs. The platform is regulated in Europe, ensuring compliance and safety for residents across 29 countries.

The company plans to utilize the February 2024 funding to broaden its market in Europe.

## Funding rounds

- Series B, Jun 26, 2021, $11M — Coparion, DIP Capital
- Series B, Nov 3, 2020, $17M — Earlybird, Global Brain, Coparion
- Series A, Jul 18, 2019, $15M — Earlybird, High-Tech Gruenderfonds, Global Brain, Coparion, NKB Ventures, Sony Financial Ventures
- Seed, Sep 25, 2018, $4.7M — Earlybird, High-Tech Gruenderfonds, Digital Currency Group, Coparion
- Series A, Jul 7, 2017, $1.7M — High-Tech Gruenderfonds, Digital Currency Group, Alstin Capital
- Seed, Mar 15, 2016, $0.9M — High-Tech Gruenderfonds, Digital Currency Group

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Alstin Capital (https://capitalatlas.ai/funds/alstin-capital) — Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A, Series B
- Coparion (https://capitalatlas.ai/funds/coparion) — Seed, Series A, Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A, Series B
- NKB Ventures (https://capitalatlas.ai/funds/nkb-ventures) — Series A
- Sony Financial Ventures — Series A
- DIP Capital (https://capitalatlas.ai/funds/dip-capital) — Series B