Donut, a cryptocurrency investor based in Germany, announced the end of its initial round of $ 1.8 million led by Redalpine, an early stage venture capital firm.
The German startup announced the closure of its initial round of $ 1.8 million, which was led by venture firm Redalpine in its early stages with the support of Tiny VC.
Neil Popat, the CEO and co-founder of the startup, said that although this was an important event for the Donut team, nothing had changed internally.
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"Our goal is simple: we want to make joining a digital asset system as fun as possible. In turn, we hope to inspire a new generation of investors."
The Donut app, founded in 2018 and led by former Google, Accenture and N26 employees is currently in beta testing and is expected to be publicly available before the end of the summer.
Popat said that they believe that most people will keep most of their savings in digital assets over the next decade.
The CEO referred to his mission statement and said that Donut wants to enable everyone, regardless of their wealth, knowledge or location, to become an investor in the digital asset system.
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The mission of Donut investment application is to make investing in cryptocurrency easy and affordable for everyone. "We want to make cryptocurrency more accessible to the average consumer and help them learn how to invest, crypto and core technologies."
Editor: Yulia Krasnaya