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Brazil s Hashdex raises BRL 135 million in funding Thursday 13 May 2021 10:00 CET | News Brazil-based startup Hashdex, a crypto asset investment manager, has raised BRL 135 million in its Series A round.
The round was led by Valor Capital Group, alongside Softbank, Coinbase Ventures (Coinbase‘s investment arm), and Globo Ventures (the venture capital fund by Brazil’s leading communications conglomerate Grupo Globo). Canary, Igah, Alexia, Fuse, Endeavor Scale Up Ventures, and Norte Ventures followed the round.
Hashdex was created in 2018, inspired by the potential of crypto assets. The idea was to simplify the blockchain investment process, from the famous Bitcoin to the more than 5,000 cryptocurrencies on the market. Crypto assets are high-friction investments, subject to high volatility.