By Zoran Temelkov July, 2022
The NYC-based crypto yield platform Meow secured $22 million with its Series A funding round. Tiger Global was the lead investor, while QED Investors, cryptocurrency exchange FTX, and other investors also participated in the round.
The proceedings from this round are planned for the company’s growth, increase in the number of employees, and product improvements.
The company was launched in the first quarter of 2022 after a successful seed financing round supported by well-known cryptocurrency companies and investors. Through its seed round, Meow raised $5 million from investors such as Coinbase Ventures, Gemini Frontier Fund, and Lux Capital.
Meow products and services experienced a significant acceptance reaching almost $100 million worth of corporate assets under management in its first six months of operations.
Meow is considered to be the first compliant crypto yield offering for corporate treasuries. It is a cash-based bridge between cryptocurrency market yield and investors. The company may offer access to potential returns that are higher than returns earned with traditional savings accounts.