Notabene, a New York, NY-based crypto compliance SaaS startup, raised $10.2 million in a Series A funding round co-led by F-Prime Capital and Jump Capital. The latest investment brings Notabene’s valuation to $45 million.
New investors include crypto exchanges Luno and Bitso, who were Notabene’s customers before the fundraising, as well as the venture capital arms of Blockfi and Gemini Frontier Fund. Illuminate Financial, CMT Digital, Fenbushi Capital and ComplyAdvantage CEO Charlie Delingpole also participated as new backers in Series A, joining existing investors including Castle Island Ventures and Green Visor Capital.
The company plans to use the proceeds from the funding round to scale its technology to support an influx of new customers.
Company: Notabene, Inc.
Round: Series A
Funding Month: November 2021
Lead Investors: F-Prime Capital and Jump Capital
Additional Investors: Luno, Bitso, Blockfi, and Gemini Frontier Fund, Illuminate Financial, CMT Digital, Fenbushi Capita, Charlie Delingpole, Castle Island Ventures, and Green Visor Capital
Company Website: https://notabene.id/
Software Category: Crypto compliance platform
About the Company: Notabene, a New York, NY-based crypto compliance SaaS startup, helps businesses perform crypto transactions that are regulatory compliant and the first platform to provide full compliance with the Travel Rule. Notabene was founded in 2020 to solve FATF’s Crypto Travel Rule, Notabene’s software helps its 50-plus customers, many of which are crypto exchanges, comply with the Financial Action Task Force (FATF) “travel rule” imposed in 2019. The travel rule requires crypto exchanges in FATF member countries to exchange customer-identifying information for transfers above $1,000 to ensure compliance with know-your-customer (KYC) and anti-money laundering (AML) regulations. Notabene’s founding team has vast experience in banking infrastructure, self-sovereign identity, blockchain, crypto financial products, data integration, and intuitive user experience. Notabene provides its customers with access to the widest reach of crypto businesses for them to interact with.