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To develop next-gen digital asset infrastructure.
3% employee growth in 12 months
Copper aims to hyper-secure the process of storing digital assets through many different mediums and a refined architectural infrastructure. The company offers customers the ability to trade securely with ClearLoop Security, look at automating treasury via API with proxy wallets, and many other services suiting clients of varying sizes.
The movement of assets in the crypto sector can be daunting for everyone involved, so having a space where security is at the forefront of Copper's work will certainly be an appealing factor for customers. Its appointed of Tim Neill as Chief Risk Officer, who joins with 20 years experience in the space, speaks to the company's desire to set industry standards for security.
Copper secured a remarkable amount of funding in late 2022 at a time when venture funding overall dropped by nearly half, but the company did not prove to be immune to challenging economic conditions and the regulatory scrutiny affecting the crypto sector in particular. The company responded with a strategic realignment to refocus on its core business, which is seeing increases in trading volumes and an influx of new clients as the market begins to recover.
Freddie
Company Specialist at Welcome to the Jungle
Oct 2022
$181m
SERIES C
Oct 2022
$15m
CONVERTIBLE
This company has top investors
Dmitry Tokarev
(CEO)Completed 4 years of education in banking, risk management and finance engineering before going on to found Copper.