Bitcoin Payments Company OpenNode, valued at $220M, closes a $20M series A from Kingsway, Twitter, Tim Draper & Fidelity Investments Affiliate Avon Ventures
Summary
LOS ANGELES, Feb. 9, 2022 /PRNewswire-PRWeb/ -- OpenNode, an industry-leading bitcoin payment processor and infrastructure provider, announces the close of an oversubscribed $20M Series A raise at a $220M valuation led by UK-based firm Kingsway and with additional investment from Twitter, Tim Draper, and Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments. OpenNodes newest addition to the cap table was Twitter, where Ester Crawford, Group Product Manager, says, "Digital currencies encourage more people globally to participate in the economy, and with less friction. Manuel Stotz, Founder of Kingsway Capital, the lead investor of OpenNodes Series A, conveyed, "Bitcoin, complemented by the Lightning Network, is going to be the most important technology for financial inclusion. Sachin Patodia, Managing Director at Fidelity Investments, said, "OpenNode provides businesses, platforms, and people the easiest onramp into the burgeoning digital economy, enabling seamless integration of bitcoin across the payment stack. OpenNode provides secure, reliable bitcoin payment acceptance and payout solutions for businesses, platforms, and people everywhere.
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