Radar > 224356

Volabit seeks USD 0.5m from new investors

Volabit busca USD 0,5m de nuevos inversores

Intel ID : 224356
Synopsis

Mexico-based Volabit (former Coincove), engaged in currency conversion through Bitcoins, announced it is in the process of carrying out a second capital increase for USD 0.5m to attract domestic and foreign investors.

According toVolabit's vice-president of business development Everardo Barojas, the objective is to increase its presence in international markets, its operational skills and technological development to improve its products.
(content in spanish)

La empresa mexicana Volabit (Ex. Coincove), dedicada a la conversión de divisas en Bitcoins, ha anunciado que está en el proceso de realizar una segunda ampliación de capital por USD 0,5m en la cual participarán inversores nacionales y extranjeros.

Según el vicepresidente de desarrollo de negocio de Volabit, Everardo Barojas, el objetivo de esta ampliación es incrementar su presencia en mercados internacionales, sus capacidades operativas y el desarrollo tecnológico para la mejora de sus productos.

Target


Intel ID 224356
Value EUR 0,47m
Native Currency US Dollar (USD)
Exchange Rate:
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Country
Region
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Geography
Subsector (Old TTR Sectors)
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Intel Grade
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Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Internet (Primary)
Country
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    
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Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.