Prasos press release 03.01.2018
Prasos raised funds to boost its expansion in Europe and to develop cryptocurrency based investment services for traditional investors.
The equity offering was launched on the Invesdor platform on November 9th and the company reached the first million at the beginning of December. The investment pace kept growing and the last million of the 2.5 million euro cap was invested during only six days as fear of missing out started to speed up investments. Finally the round was closed on 23rd of December – 12 days before the official closure date.
“We have a very positive view of the future of our sector and expected the round to be successful, but the reception that we received in the market exceeded all our expectations. We are very satisfied with the result and grateful for the confidence that all our investors have placed in us. Our company has challenging work ahead and this capital boost will help us to gain better results faster” the CEO of Prasos, Henry Brade, comments.
In this round Prasos offered up to 15% of its equity and achieved over 1000 new shareholders from Finland and abroad.
The future plans include expansion to new markets and the launch of a Cryptocurrency Investment fund
During the following years the company plans to invest in the expansion in Europe, study potential company acquisitions in target markets and further develop its exchange services to decreased the barrier for traditional investors to enter to the market. Prasos´ future vision is ambitious and it also plans to develop a Cryptocurrency Investment fund.
“The general interest towards cryptocurrencies has increased significantly, but the current services are not very user friendly. We have invested heavily in the security of our services and we want to make the investment procedure as easy as possible for the regular investors that are entering the market. The sector is quite complex especially for non tech savvy investors and therefore the development of a traditional investment product that combines the cryptocurrency market and our knowledge about the different technologies is very interesting and has clear demand.” Brade adds.
The current investment round was the last this type of phase in Prasos’ plans as the next potential step is to get listed in the First North market place.
More information and interview requests:
Commercial Director/Prasos Oy
[email protected], tel. +358 44 231 6864
CEO, Co-founder/Prasos Oy
[email protected], tel. +358 41 501 4485
Prasos is concentrated in the exchange of cryptocurrencies and asset management. The company was founded in Jyväskylä in 2012 and the company´s current team consists of 15 professionals from different business areas. Prasos has over 60 000 clients in Europe and it operates under the following main brands: Bittiraha.fi, Coinmotion.com and Denarium. Trading volume across all Prasos services was over 100 million EUR in 2017. For more information, please visit prasos.fi
Also published on Medium.