AC Ventures leads $4m round of Indonesian crypto app

February 17, 2022

Nobi, an Indonesia-based investment app for crypto assets, has raised US$4 million in a seed round led by AC Ventures, with participation from Skystar Capital and Global Founders Capital.

Founded in 2018, Nobi allows customers to buy and sell crypto assets in partnership with local crypto exchange Indodax. It also helps users with staking and earning yield from their crypto assets.

The company said it currently manages over one trillion rupiah (around US$70.1 million) worth of crypto assets. It also saw a 15x surge in active users in the last six months.

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