River Raises $35M Series B Funding Round Led By Kingsway Capital
River offers the full suite of Bitcoin brokerage, custody, and mining services in one easy-to-use mobile app and on River.com, and is also one of the leading Lightning service providers.
- River announced a $35 million equity round. This series B funding was led by Kingsway Capital. Other investors included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures.
"We're seeing another wave of Bitcoin interest, largely driven by business and institutional adoption. It's not fueled by hype. This year's bank failures and bailouts have been a wake-up call, revealing the cracks of the traditional financial system and reminding us why Bitcoin is so important- it's a secure path to a stronger and more transparent global economy. Adopting Bitcoin with a trusted partner is no longer the speculative choice, but rather the prudent one," said Alex Leishman, River CEO, in a press release.
- In related news, the company also added LNURL withdrawals to its iOS app.
⚡ The world is seeing the importance of the Lightning Network
— River (@River) May 15, 2023
💯 River continues to build on top of Lightning withdrawals that we’ve had since 2019
✅ LNURL
📷 Effortlessly pay over the Lightning Network to any address or via QR code
📱 Now live on the River iOS app! pic.twitter.com/mmx092ZD1v
