River raises USD 40 million in oversubscribed Series B funding led by Yamaha Motor

Feb 06, 2024•over 1 year ago

Amount Raised

$40 Million

BengaluruAutomotive

Investors

Maniv MobilityToyota VenturesLowercarbon CapitalAl Futtaim AutomotiveYamaha Motor

Description

River Mobility has secured USD 40 million in an oversubscribed Series B funding round led by Yamaha Motor Co. The funding round also saw participation from existing investors Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility. This takes the cumulative fund raised by the company to USD 68 million since its inception in March 2021.

Company Information

Company

River

Location

Bengaluru, Karnataka, India

About

Founded in 2019, River is a Bitcoin technology and financial services company. River offers the full suite of Bitcoin brokerage, custody, and mining services in one easy-to-use mobile app and on River.com. The company is also a leader in Lightning infrastructure, powering Lightning transactions for other exchanges and wallets in the crypto ecosystem. To learn more, please visit River.com or follow them on Twitter @River. CONTACT: marketing@river.com SOURCE River

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

River raises USD 40 million in oversubscribed Series B funding led by Yamaha Motor

Investors

Description

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