Connect with us


Celsius Investors Unlikely to Provide More Funds to Bail Out Crypto Lender

Investors in Celsius Network LLC are unlikely to present extra financing to bail out the struggling cryptocurrency lender, stated individuals with information of the scenario.

A giant Canadian pension fund, Caisse de dépôt et placement du Québec, and WestCap Group, a growth-equity agency based by know-how investor Laurence Tosi, a former chief monetary officer of Airbnb Inc., aren’t anticipated to put in more cash to assist the crypto lender, these individuals stated. WestCap and Caisse de dépôt final yr led a Series B funding spherical that raised $750 million for Celsius and valued the crypto startup at greater than $3 billion.