Mudrex raises $6.5 Mn in pre-Series A round

Crypto investing platform Mudrex  has raised $6.5 Mn in its pre-Series A round from Arkam Ventures, Tribe Capital, and Bolt by QED Investors.

The round follows the startup’s $2.5 million seed fundraise from Nexus Venture Partners, Village Global, Kunal Shah, among others.

According to the Bengaluru and San Francisco-based startup, the funding will help it to accelerate user acquisition, licensing and expansion across India, the US, Europe and Latin America.

Founded in 2018 by Edul Patel, Rohit Goyal, Alankar Saxena, and Prince Arora, Mudrex packages crypto tokens in a way that is similar to existing investment products akin to mutual funds and exchange-

Its flagship product, Coin Sets, launched in October 2021, is a mutual-fund-like crypto investment product aimed at retail investors.

The firm claims to have clocked a 450% user growth in the four months and currently has more than 100K users from over 100 countries.