Canadian bitcoin exchange and transfer service Shakepay raises $44 million

Shakepay, a Canadian Bitcoin Exchange (BTC) and Ethereum (ETH) announced the completion of a $44 million Series A funding round. This round of financing was led by QED Investors, an American venture capital firm.

“We love our loyal Shaker community and this funding will be used to bring you more products and services to help you earn, acquire and build wealth in Bitcoin. In 2021, we grew 381%, exceeding 900,000 shakers, $6B in total transaction volume, and our team has grown from about 20 to 75 in Canada. Imagine what this funding will mean for 2022 and beyond.”
– Shakepay team

As part of the financing, QED Investors partner Matt Burton will join Shakepay’s board of directors along with founder, CEO Jean Amiouny and CTO Roy Breidi.

Continuing participation also includes Boost VC and BoxOne Ventures, while new Series A participations include Golden Ventures, Broadhaven, Henri Machalani, Mike Murchison, Jevon MacDonald, Mark MacLeod, Dan Debow, Farhan Thawar and several product leaders at Shopify.

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