Seed (SAFE) · Fintech
Mochatrade secures $5.5m seed led by CoinFund
Coinbase Ventures and Nicky Montana join the financing for a rupee-funded US-market derivatives platform.
CoinFund announced on October 26 that it had led Mochatrade’s $5.5 million seed round, alongside Coinbase Ventures and Nicky Montana. The financing follows an earlier pre-seed backed by Y Combinator and Pioneer Fund.
Co-founder Chetan Manda said the funding used post-money SAFEs rather than a priced equity round. CoinFund reported a 25,000-person waitlist as the company prepared to broaden access for Indian traders.
Use of funds
Develop trading technology and risk infrastructure
Expand customer acquisition and operations
Funding history
Seed (SAFE) · This round$5.5M