Celsius Network Reaches Extended Funding Goal of $17 Million Through Investment Round on BnkToTheFuture

 

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it reached its extended fundraising goal of $17,000,000 in partnership with BnkToTheFuture. According to Celsius Network, more than 700 qualified investors from all over the world have already participated in the round since June.

Celsius Network reported the original minimum for the fundraising is $15 million and the platform decided to extend the round to match the overwhelming demand from the community.

“Celsius Network made the decision to crowdsource its fundraising because it aligned closely with its mission of bringing financial services and options typically only accessible by the 1% to everyone.”

Speaking about the investment round’s success, CEO of Celsius Network, Alex Mashinsky, stated:

“We are honored that over 700 qualified investors have already put their faith in us, and are committed to keeping the raise open for as many more members of our community as possible. This is a natural step for Celsius which follows our 2018 ICO where over 1,500 users help fund the launch of our company.”

BnkToTheFuture CEO, Simon Dixon, further commented:

“Working together with Celsius we have been able to launch an innovative equity fundraising campaign that will enable Celsius to grow faster in disrupting the debt markets using crypto as collateral.”

Celsius Network added it will leave the fundraising open on BnkToTheFuture until July 26th to accommodate the 200+ qualified investors still waiting to be onboarded. 

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