Crypto platform Mudrex raised $6.5 million in Pre-Series A from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. It follows the startup’s $2.5 million seed fundraise from Nexus Venture Partners, Village Global, Kunal Shah, among others.
Mudrex is a cryptocurrency company that specialises in smart crypto investment on autopilot. Mudrex will use the funds to accelerate user acquisition, licencing, and expansion in India, the United States, Europe, and Latin America. Mudrex aims to make crypto investing easier by offering products similar to 'Mutual Funds' and 'ETFs' for crypto. Coin Sets, the company's flagship product, has a retention rate of up to 90%. The cryptocurrency market is rapidly expanding, with more than 50 million retail investors.