Copper provides enterprise-grade custody and settlement solutions for cryptocurrencies, serving hedge funds, exchanges, asset managers, and financial institutions. Its infrastructure is designed to reduce counterparty risk while maintaining high levels of security and operational efficiency.
The platform supports both client-controlled custody and Copper-controlled custody, helping institutions manage digital assets with confidence in volatile and regulated markets.
What Is Copper and What Does It Do?
Copper, founded in 2018, is a London-based (United Kingdom) cryptocurrency infrastructure company.
The company offers cold storage custody, settlement, and collateral management solutions using its proprietary multi-signature and key distribution architecture designed for institutional-grade security.
Copper employs 201-500 people, supporting product engineering, security operations, compliance, and institutional partnerships.
How Much Funding Has Copper Raised?
1. Seed Round
- Amount Raised: $8M
- Date: 2019
- Lead Investors: LocalGlobe
- Motivation: To build the core crypto custody and security infrastructure.
2. Series A
- Amount Raised: $30M
- Date: 2020
- Lead Investors: Dawn Capital
- Motivation: To scale institutional custody services and expand product offerings.
3. Series B
- Amount Raised: $196M
- Date: 2021
- Lead Investors: Tiger Global Management
- Motivation: To accelerate global expansion and enterprise adoption.
4. Series C
- Amount Raised: $557M
- Date: 2022
- Lead Investors: Tiger Global Management
- Motivation: To strengthen balance sheet, scale infrastructure, and support institutional crypto growth.
Total Funding Raised: $791 Million
Current Valuation: $2 Billion (as of Jul 2022)
Latest Funding Date: October, 2022
Key Investors
1. Tiger Global Management
- Details: Global investment firm investing in private and public technology companies.
- Investment Focus Areas: Technology, fintech, crypto infrastructure.
- Notable Investments: Copper, Coinbase, Stripe, UiPath.
2. Dawn Capital
- Details: European venture capital firm focused on B2B software and fintech.
- Investment Focus Areas: Enterprise software, fintech, SaaS.
- Notable Investments: Copper, iZettle, Tink.
3. LocalGlobe
- Details: London-based venture capital firm backing early-stage technology startups.
- Investment Focus Areas: Fintech, SaaS, consumer technology.
- Notable Investments: Wise, Revolut, Citymapper.
Where Is Copper’s Headquarters?
Copper is headquartered in London, United Kingdom, positioning the company close to major financial institutions and regulatory bodies.
What’s Next for Copper?
Copper is expected to deepen its role in institutional crypto markets by expanding collateral management, custody automation, and compliance tooling. As regulatory clarity improves globally, the company is well-positioned to serve banks, asset managers, and funds entering digital assets at scale.
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