Swiss start-up Amun won well-known investors in a fundraising. The fintech wants to simplify access to cryptocurrencies as an investment class.
Founded last year, Amun wrapped up its first financing round by taking in 4 million Swiss francs ($4 million) and winning several prominent backers. They include Adam Draper, the founder of Silicon Valley's Boost VC; Graham Tuckwell, founder of ETFS Capital; Greg Kidd, co-founder of Hard Yaka; and four family offices, Amun said in a statement on Tuesday.
In November, Amun launched the first exchange traded crypto product, on bitcoin, ether, bitcoin cash, ripple, and litecoin. Shortly after, Amun doubled down with two more so-called ETPs, and plans to launch more in coming months.
«We plan on using the funds to keep investing in our technical infrastructure, to launch additional crypto-tracking exchange-traded products on more strategies across multiple geographies, and to help others bring crypto assets to the public markets», Amun co-founder and CEO Hany Rashwan said.
