Celsius Network raised $18.8 million

Representatives of the Celsius Network startup, engaged into the provision of loans in cryptocurrency, said that another round of funding would close on Monday.

Funding Round Results

They managed to raise USD 18.8 million. Only qualified investors could buy shares. As a matter of fact, the Celsius Network has set a small minimum entry threshold - only $1000.

Expectation vs reality

The shares were listed on the BnkToTheFuture platform. Important to note is that the fundraising plan was overdone by almost $2 million.

A bit of history

The Celsius Network's official press release states, they've already raised $10 million from a Tether issue in the past. At that time, the company was valued at $120 million.