Canadian bitcoin exchange and transfer service Shakepay raises $44M

Shakepay, a Canadian-based exchange platform for bitcoin (BTC) and ether (ETH), announced it closed $44 million in Series A funding. The round was led by QED Investors, a US-based venture capital firm.

“We love our devoted community of shakers, and this funding is going right to work to bring you more products and services to help you earn, access, and build wealth in bitcoin. In 2021, we grew 381% to more than 900,000 shakers with $6B in total volume and grew our team from around 20 people to 75 across Canada. Just imagine what this funding could mean for 2022 and the future beyond.”
– The Shakepay Team

As part of the capital raise, Matt Burton, Partner at QED Investors, will join Shakepay’s board of directors, alongside founders, Jean Amiouny, CEO, and Roy Breidi, CTO.

Ongoing participation also came from Boost VC and BoxOne Ventures, while Series A newly included participation from Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar, and several product leaders from Shopify.