2TM raises $50M in Series B round extension
To help expand its operations
2TM has raised an additional $50.3 million in a second closing of its Series B funding round.
2TM, the holding company for Mercado Bitcoin, is Brazil’s largest crypto exchange by market valuation. The funding will help expand its operations across Latin America, with Argentina, Chile, Colombia, and Mexico as its main priorities.
The Series B fundraiser had participation from United States-based funds 10T and Tribal Capital, as well as Brazilian companies Traders Club, Pipo Capital, and Endeavor, 2TM revealed on Tuesday.
“Our international expansion and the increasing offer of new products based on the technology that gave life to bitcoin are just beginning. Tribe and 10T will bring their expertise in the blockchain segment, which is even more relevant than the amount invested,” 2TM CEO Roberto Dagnoni said in a statement.
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