Update: Prasos Completes Invesdor Round With More Than €2.5 Million in Funding

Prasos, a Bitcoin broker seeking to make Bitcoin investing mainstream, has closed its latest equity crowdfunding campaign on Invesdor with more than €2.5 million in funding. The company launched the funding round last month and quickly secured its minimum €750,000 funding target.

As previously reported, Prasos is described as the leading Bitcoin service provider in the Nordic region. The company was co-founded by CEO Henry Brade, a leading Crypto expert in the region. Prasos now services more than 50,000 customers with a total exchange value of €80 million. The company is also handling €8 million in transactions per month. Revenue consists mainly of exchange commissions.

“Our 2015 revenue was €340,000, in 2016 we reached €822,000 (+ 142%). In the current financial year, we expect to grow to EUR 3 million (+ 270%) in 2017. Our goal is to continue strong growth and achieve 5-6 X revenue over the next three years.”

Prasos also shared details about its growth since its previous Invesdor campaign:

“Since our first Invesdor funding round in 2015, our revenue has quadrupled and by the end of this fiscal year we are seeing our revenue increase at a faster pace. The company is currently highly profitable, but as the sector is growing rapidly, we need to invest in the international expansion with larger stakes,” saya Brade. “We also want to further develop our investment services to regular investors that want to diversify their investment portfolios into cryptocurrencies.”

Prasos is notably looking to expand internationally, first is to become the leader in Europe and expand their services under the Coinmotion brand. They may list on NASDAQ First North in the coming years.

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