Cryptolemix raised $4.5 million from liberty city ventures

Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

CryptoLemix closed a $4.5 million Series B funding round.

The round was led by Liberty City Ventures with participation from Evolution Equity Partners, Declaration Partners, former OSS CEO Brian Brooks and former CFTC Chairman Christopher Giancarlo.

The funds raised will be used to increase the number of financial partners and new research and development.

The founders of CryptoLemix believe that the lack of proper controls and risk mitigation tools are major barriers to mass adoption of cryptocurrencies.

To recap, CryptoLemix raised $15 million in strategic investment in November.

In May of that year, the startup closed a $20 million Series A funding round backed by FTX, NYDIG and others.

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Simon Calder

Simon is outgoing young lad who likes adventures and discovering new things. Despite his boring life, He loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.