Relai successful with 12 million dollar Series A

Relai aims to use fresh capital to simplify the Bitcoin buying experience and drive its expansion in Europe

Zurich, December 11, 2024 - Bitcoin platform Relai has closed a successful Series A funding round, raising 12 million US dollars. The round was led by Ego Death Capital, accompanied by other investors such as Plan B Bitcoin Fund, Timechain and Solit Group. Relai plans to use the funding to expand its presence in Europe and establish its platform as the leading point of contact for buying Bitcoin.

Goal: making Bitcoin easier and more accessible

Relai is committed to making the purchase of Bitcoin as straightforward and secure as possible for users. The platform offers a non-custodial wallet that allows users to store their Bitcoin directly without handing over control to third parties. At the same time, Relai emphasizes a user-friendly buying experience to facilitate access for beginners.

The company also wants to provide more educational offerings to help users understand the benefits of Bitcoin as a long-term savings technology.

Focus on growth and regulatory compliance

Part of the new funding will be invested in the acquisition of the MiCA (Markets in Crypto-Assets Regulation) license, which will enable Relai to operate throughout the European Union. With this license, the platform could reach up to 400 million potential users in the future.

Relai has gained strong momentum in recent years:

• User growth of 300% last year shows the increasing interest in the platform.
• Relai plans to exceed the 1 million downloads mark by 2025.

The team has built a platform that is characterized by its focus on user-friendliness and security. Relai is ideally positioned to take a leading role in Europe.

Jeff Booth, co-founder of Ego Death Capital

Prospects for the future

Relai believes it is well equipped to drive the spread of Bitcoin in Europe. The company plans to use the new funds to further expand both its product range and its user base. Relai is banking on Bitcoin as the future savings technology and wants to make this vision accessible to millions of Europeans.