×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Digital Currency Group (DCG), which owns SA-linked crypto platform Luno, has raised more than $700m from a syndicate of investors including SoftBank and Capital G, the stand-alone growth fund of Google’s parent company, Alphabet.

New York-based DCG, which acquired Luno in 2020 from investors that included Naspers and Rand Merchant Investment Holdings (RMI), closed a secondary funding round from a syndicate of investors led by SoftBank’s Vision Fund II and its Latin American Fund, according to an emailed statement on Tuesday. Other investors include Capital G, Ribbit Capital, GIC, Tribe Capital and Emory University, which together invested more than $700m in exchange for DCG stock held by prior investors...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now