# Copper Technologies (Switzerland)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/copper-technologies-switzerland

- Industry: Software
- Headquarters: Zug, Switzerland
- Website: www.copper.co
- Total disclosed funding: $241M
- Latest round: Series C (Oct 12, 2022)
- Investors on record: 8

## About

Based in Zug, Switzerland, and founded in 2018 by Dmitry Tokarev, Copper Technologies (Switzerland) AG, Limited a.k.a Cooper operates provides a gateway into the crypto assets space for institutional investors by offering settlements, prime brokerage and custody across 250 digital assets and more than 40 exchanges. In May 2021, Copper raised USD 50 million in a Series B funding co-led by Dawn Capital and Target Global, with participation from Illuminate Financial Management, LocalGlobe, MMC Ventures, and other unspecified investors As of May 2021, the company has raised a total of USD 59.3 million in venture funding. 

The company's products come under the names Copper Platform and Copper Unlimited. Copper Platform integrates end-to-end secure custody architecture for crypto assets with effortless trading, enabling institutional investors to offer digital assets at a low cost and easily. This platform Copper Unlimited allows the investors to co-sign and verify transactions in an offline environment. Through its proprietary technology ClearLooP, the company connects the entire cryptocurrency exchanges in one trading loop with offline and instant settlement across its integrated network. 

The company plans to use its proceeds from May 2021 to broaden its international footprint, particularly across the US and Asia, with plans to open at least two new regional offices. Also, Copper will invest in high-profile hires across its strategy, operations, and business development departments, leading to a tripling of headcount by the end of 2021. In addition, the company will also make a significant investment to further develop its product suite.

## Funding rounds

- Series C, Oct 12, 2022, $181M — Tiger Global Management, Barclays Investment Solutions Limited, Ischyros New York
- Series B, Jun 25, 2021, $52M — MMC Ventures, Dawn Capital, Target Global, Illuminate Financial, LocalGlobe
- Series A, Dec 31, 2019, $7.9M — MMC Ventures, Target Global, LocalGlobe

## Investors

- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series A, Series B
- Target Global (https://capitalatlas.ai/funds/target-global) — Series A, Series B
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series A, Series B
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series B
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Barclays Investment Solutions Limited — Series C
- Ischyros New York — Series C