Unicorn investment app Stash closes debt round for $52.6 million

Investment app startup Stash raised $52.6 million via debt offering after expanding services to include support for eight cryptocurrencies including ETH and BTC. Stash did not immediately respond to The Block’s request for comment.

Stash raised funds from a dozen investors according to a filing that showed the offering for convertible debt, which is changeable into shares or another form of the issuing entity’s equity, opened on Sept. 6. CoinDesk first reported the news. Valued at roughly $1.4 billion the company held a $125 million Series G fundraise in Feb 2021, led by holding company Eldridge, with additional capital from investment management company T. Rowe Price. https://www.theblock.co/post/177383/unicorn-investment-app-stash-closes-debt-round-for-52-6-million

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