About Copper
Copper is a Financial Services company based in London (United Kingdom) founded in 2018. Cryptocurrency custody solutions with offline storage are offered. It operates on a SaaS (Software-as-a-Service), Managed Services, and FinTech model. Copper has raised $791.3 million across 7 funding rounds from investors including Barclays, Dawn Capital and Mainspring Fund Services. The company has 255 employees. Copper has completed 1 acquisition, including Securrency Capital. Copper was last valued at $2 billion in July 2022. Its chief executive, as recorded, is Amar Kuchinad. Its website copper.co draws about 74 thousand monthly visits. Copper offers products and services including ClearLoop, Custody, Agency Lending, and Copper Network. Its focus areas include Digital Assets and Custody and Trading Infrastructure. Its legal entity is Copper Markets (Switzerland) AG. Its competitors include Luno and Uphold; 2 of its 2 listed competitors have raised funding.
Company details
Institutional-grade solutions for digital assets are offered by Copper. Services include custody, prime services, and collateral management for hedge funds, trading firms, and venture capital funds. Secure MPC custody and off-exchange settlement through ClearLoop are provided. The company focuses on safeguarding assets and mitigating counterparty risks. Scalable infrastructure supports exchanges, ETP providers, and miners. Operations are centered in the financial technology sector with a focus on security.
- Headquarters London, United Kingdom
- Employees 255
- Stage Unicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website copper.co/en
- Social LinkedIn X Facebook
- Legal Name Copper Markets (Switzerland) Ag
- Total Equity Funding$791.3M (USD)
in 7 rounds
- Latest Funding Round$196M (USD), Series C
Oct 2022
- InvestorsBarclays
& 12 more
- Employee Count255
- Investments & Acquisitions
Products & Services of Copper
Copper offers a comprehensive portfolio of products and services, including ClearLoop, Custody, Agency Lending, and Copper Network.
Off-exchange settlement for trading on centralized exchanges.
Secure custody services for protecting digital assets.
Safeguarded lending solutions for digital asset management.
Scalable, custodian-agnostic network for asset settlement.
Funding Insights of Copper
Copper has successfully raised a total of $791.3M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $196 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $791.3M
- Total Rounds 7
- Last Round Series C — $196M
- First Round $1.3M
(Nov 2018)
- Investors Count 13
All 7 funding rounds of Copper with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $196M | Series C | – | Tiger Global Management, Barclays | – |
| Jul 2022 | $500M | Series C | $2B | Barclays, LocalGlobe | – |
| Jun 2021 | $25M | Series B | – | Alan Howard | |
| May 2021 | $50M | Series B | – | Dawn Capital, Target Global | |
| Dec 2019 | $18M | Series A | $49.6M | Target Global, LocalGlobe | – |
| Jan 2019 | $1M | Seed | – | – | |
| Nov 2018 | $1.3M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $2B | •••••••• |
| Dec 2019 | $49.6M | •••••••• |
Last known valuation $2B (Jul 2022). 13 investors in total: 12 institutional and 1 angel.
Investors in Copper
Copper has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Barclays, Dawn Capital and Mainspring Fund Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on seed-stage investments | localglobe.vc | London, United Kingdom | ||
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
Seed and series-A investments are made in technology companies. | mmc.vc | London, United Kingdom | ||
Venture capital firm | targetglobal.vc | London, United Kingdom | ||
| illuminatefinancial.com | ||||
Venture capital fund focused on making growth equity investments across tech startups | greyhoundcapital.com | London, United Kingdom | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments are provided by Phoenix Court. | phoenixcourt.vc | London, United Kingdom | ||
Venture capital investments are provided to early-stage tech startups. | latitude.vc | London, United Kingdom | ||
Commercial banking services are provided by Barclays worldwide. | 1690 | barclays.co.uk | London, United Kingdom |
Investor details for Copper
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Copper
67 people are tracked at Copper (32 in leadership, 3 in board & advisors, 32 in team); the tracked headcount is 255.
| Name | Role | Group |
|---|---|---|
Amar Kuchinad | Group Chief Executive Officer | Leadership |
Dmitry Tokarev | CEO | Leadership |
Timothy James Neill | CRO | Leadership |
Stefano Maestri | CTO | Leadership |
Virali Sanghrajka | Talent Acquisition Partner - Corporate Functions And Technology, Global | Leadership |
Sam Brown | Chief Legal Officer | Leadership |
Mike Roberts | Global Head, Sales | Leadership |
Kate Light | Marketing Director | Leadership |
Peter Hoffman | Managing Director | Leadership |
Raza Qadir | Head Of Fp&a | Leadership |
Sam Goh | Group CFO | Leadership |
Tobie Dunnett | Solutions Group Director | Leadership |
Dmitry Kulikov | Director Of Engineering | Leadership |
Anastasiia Klinshova | Head Of Software Engineering | Leadership |
Annah Rae | Head Of Talent Acquisition | Leadership |
Matilda Salvin | Head Of Relationship Management | Leadership |
Tony B. | Head Of Security Engineering | Leadership |
Kylie B | People Director/ Executive Director Copper Markets (uk) | Leadership |
Alex Maslin | Business Development Director | Custody & Prime Services For Digital Assets | Leadership |
Marcos Benítez Rubianes | Business Development Director | Leadership |
47 more people are available in the full profile.
Complete people profiles for Copper
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Copper
Copper has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Securrency Capital.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Assets are digitalized using blockchain for financial services. | securrencycapital.com | Abu Dhabi, United Arab Emirates | 2022 | Nov 2023 | •••• |
Complete acquisition details for Copper
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of Copper
6 dated milestones of Copper across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Copper is founded.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series C, of $196.0M.
- Acquisition Acquires Securrency Capital.
Competitors of Copper
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| luno.com | 2013 | London, United Kingdom | $13M | 127 | Mobile app for storing and trading cryptocurrencies is utilized. | |
| uphold.com | 2013 | London, United Kingdom | $73.36M | 14 | App-based wallet and exchange platform for cross-border money transfers |
Detailed competitors of Copper
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Web traffic of Copper
The website of Copper (copper.co) receives about 74.5K visits a month.
- Monthly visits74.5K
▲ 25.5% vs previous month
Websites whose visitors overlap most with Copper. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gsr.io | 100% | #550,233 | View details | ||
alejandrocremades.com | alejandrocremades.com | 100% | #773,868 | – | |
cointribune.com | cointribune.com | 100% | #100,801 | – | |
| usethebitcoin.com | 100% | #879,644 | View details | ||
| theia.org | 62% | 45.6K | #758,124 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Copper
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- 7 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Copper (Cryptocurrencies) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | 1,212 | ||
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | |||
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M |
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Related news about Copper
Complete news archive for Copper
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Frequently Asked Questions about Copper
Copper was founded in 2018.
Copper is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Amar Kuchinad is the CEO of Copper, as recorded in our data.
Copper is a funded company, having raised a total of $791.3M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Nov 2018.
Copper has 255 employees.
Institutional-grade solutions for digital assets are offered by Copper. Services include custody, prime services, and collateral management for hedge funds, trading firms, and venture capital funds. Secure MPC custody and off-exchange settlement through ClearLoop are provided. The company focuses on safeguarding assets and mitigating counterparty risks. Scalable infrastructure supports exchanges, ETP providers, and miners. Operations are centered in the financial technology sector with a focus on security.
Copper offers ClearLoop, Custody, Agency Lending, and Copper Network.
Copper has made 1 acquisition, including Securrency Capital.
Copper has 13 investors. Key investors include Barclays, Dawn Capital, Mainspring Fund Services, LocalGlobe, and MMC Ventures.
The valuation of Copper is $2B as of Jul 2022.
Copper operates through Copper Markets (Switzerland) Ag.