Crypto Trading App Voyager Raises $2.1 Million in Private Placement to Expand User Base
Voyager, the crypto-asset brokerage firm, has announced a private placement of 2.9 million Canadian dollars raised through the sale and distribution of 14,484,440 units. Each unit represents a share of the Company and one-half Share purchase warrant in the capital of the Company.
Voyager offers brokerage and trading advice to retail as well as institutional investors. The firm also provides crypto custodian services for a range of digital currencies.
The private placement saw participation from LLLP, Streamlined Ventures, LLC, Susquehanna Government Products, and Market Rebellion, LLC, as well as Market Rebellion co-founders Jon Najarian Dirk Mueller-Ingrand, and Pete Najarian.
Each unit of the Company was valued at C$0.20, and the holders of one complete warrant can also subscribe to one additional warrant for C$0.30 per share for two years.
Voyager has pledged to utilize the raised funds to expand its customer account base through various innovative marketing tactics and for other corporate purposes. Stephen Ehrlich, CEO, and Co-Founder of Voyage commented on the success of the private placement and said,
“We are very excited to have such a group of highly respected industry investors to support our aggressive growth plan.
With this funding now completed, we will now accelerate the execution of our product roadmap to support our rapid account growth, asset growth, and increased trading activity of our customer base.”
Earlier this year, the digital asset broker added three stablecoins to the mix of crypto that it offers traders; Tether (USDT), USD Coin (USDC), and True USD (TUSD). They also acquired Circle's crypto investing app, which has helped them add over 40,000 accounts.