# Utorg OU

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utorg-ou

- Industry: Financial Services
- Headquarters: Tallinn, Estonia
- Website: www.utorg.pro
- Total disclosed funding: $5M
- Latest round: Seed (Dec 16, 2022)
- Investors on record: 3

## About

Based in Estonia, and founded in 2019, Utorg OU operates as a blockchain technology company. The company was founded by its CFO Artem Barannyk, Daniel Stolberg, and CEO Eugene Petrakov. In December 2022, Utorg OU raised USD 5 million in seed funding, led by Dragonfly hypra, and TA Ventures. As of 2022, the company has 35 employees.

Utorg offers a fiat-to-crypto platform, which is a platform that allows users to buy bitcoins. Users of the platform are permitted a maximum of 12 transactions per day, with each transaction costing no more than EUR 1000. The company offers virtual currency wallet services, and users can buy bitcoin with USD, CAD, GBP, UAH, NOK, CAD, and AUD.

The company plans to use the funds raised in December 2022 to hire more people and further develop its platform.

## Funding rounds

- Seed, Dec 16, 2022, $5M — TA Ventures, Dragonfly Digital Management, hypra

## Investors

- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- hypra (https://capitalatlas.ai/funds/hypra) — Seed