# VirgoCX

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

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.virgocx.ca
- Total disclosed funding: $7.8M
- Latest round: Series A (Jun 6, 2022)
- Investors on record: 6

## About

Founded in 2018, and based in Toronto, Ontario, Canada, VirgoCX Inc. operates as a cryptocurrency trading platform that enables buying and selling of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. In June 2022, VirgoCX Inc. raised CAD 10 million in series A funding led by new investor Draper Dragon Fund, with participation from other new investors Cobo Ventures, How Link Investment, Molecular Group, OKEx Blockdream Ventures, and Sora Ventures. In the same year, the company received its registered dealer approval from CSA, joining a small number of other regulated crypto platforms such as Bitbuy (acquired by WonderFi), Wealthsimple, Coinberry, Netcoins.

The company's main product is VirgoCX, a cryptocurrency trading platform that can trade Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Dogecoin (DOGE), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK), and Stellar (XLM). And it offers cryptocurrency wealth management tools such as OTC Direct -- which manages communicate, trade, and liquidity -- OTC Chart Broker -- which works as personalized service for large trades. Lastly, it offers price aggregator for over 35 global cryptocurrency market via Foreign Exchange.

The company plans to deploy the fund raised in 2022 to tap into global market such as Australia and the United Kingdom, and launch a new product -- an NFT Web3 Liquidity Aggregator, as well as developing products  for staking and DeFi yield farming.

## Funding rounds

- Series A, Jun 6, 2022, $7.8M — Draper Dragon, Sora Ventures, Molecular Group, OKEx Blockdream Ventures, Cobo Ventures, How Link Investment

## Investors

- Draper Dragon (https://capitalatlas.ai/funds/draper-dragon) — Series A
- Sora Ventures (https://capitalatlas.ai/funds/sora-ventures) — Series A
- Molecular Group — Series A
- OKEx Blockdream Ventures — Series A
- Cobo Ventures (https://capitalatlas.ai/funds/cobo-ventures) — Series A
- How Link Investment — Series A