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South Korean Crypto Disclosure Platform Xangle Closes USD 17 Million Series B Financial Investment Round

Byadmin2

May 9, 2022
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SEOUL, South Korea, May 09, 2022–( ORGANIZATION WIRE)– CrossAngle Pte. Ltd. (Co-CEO Junwoo Kim and Co-CEO Lihan Lee) revealed that its Xangle, a crypto information and research study platform based in South Korea, has actually closed a USD 17 million Series B financial investment round.

This news release includes multimedia. View the complete release here: https://www.businesswire.com/news/home/20220509005359/en/

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Xangle, a crypto information and research study platform based in South Korea, has actually closed a USD 17 million Series B financial investment round. (Graphic: Company Wire)

The Series B financing was led by KB Financial investment, Shinhan Capital, Premier Partners, and IMM. Amongst its financiers, Shinhan Capital participated in a tactical collaboration function with Xangle. The 2 business are intending to release crypto-related services that are anticipated to be readily available on each business’s platform.

CrossAngle was developed in August 2018, and has actually established its existence in the crypto market as a leading company of confirmed disclosures and details. Within a year and a half given that its conception, CrossAngle raised roughly USD 4 million through Series A financing, with an extra USD 17 million Series B mutual fund doing the same.

In concerns to the current financing, Junwoo Kim, Co-CEO of Xangle, specified that crypto possessions are being accepted as financial investments, not speculative possessions with brand-new locations like the Metaverse, NFTs, and Defi, continuing to strengthen their energy. Likewise, he included that he wants to continue promoting the favorable elements of crypto possessions by offering dependable details and information to the marketplace.

CrossAngle will continue to reinforce and establish brand-new and current locations of service to construct a worldwide leading existence and pursue its efforts in cultivating worldwide skill also.

View source variation on businesswire.com: https://www.businesswire.com/news/home/20220509005359/en/

Contacts

CrossAngle
Hyojin Roh
hj@crossangle.io
https://xangle.io/en/

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