Crypto bank Let’sBit closes a pre-seed round led by Angel Ventures

March 16, 2022

According to a report by Galaxy Digital Research, US$33 billion of venture capital that was invested around the world in 2021 went to crypto, blockchain and decentralized finance (DeFi) startups.\

This figure suggests that we are likely to see even more investment in these sectors in Latin America. After all, Web3 and DeFi are two of the most attractive sectors for VC investors in 2022.

As we start to get used to this new destination for investment, the Argentinian crypto Let’sBit has some news: it has just raised a pre-seed round led by Angel Ventures for an undisclosed amount. Other investors such as Primary Ventures of Grupo MATBA-ROFEX, the main derivatives market in Argentina, also participated.

According to the press release, the new capital will be used by Let’sBit to leverage its growth in the Peruvian market. The company will seek to have a larger market share in Peru the same way it has done in Argentina and Colombia.

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