Cryptocurrency broker August completes $10 million Series A funding, led by Dragonfly Ventures

PANews reported on March 7 that according to Fortune Magazine, cryptocurrency broker August completed a US$10 million Series A financing, led by Dragonfly Ventures, and participated by SCB Limited, 6th Man Ventures and Foresight Ventures. The valuation in this round of financing was not disclosed. August will use the latest funding raised to develop marketing strategies, recruit more employees and continue to develop new technologies.

August is a cryptocurrency brokerage firm that helps them get the benefits and returns of cryptocurrency investment through borrowing and trading through lending and trading. Most of August's revenue comes from transaction spreads and charges clients transaction fees on each transaction. The company previously raised $6 million in its seed round in 2023.