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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Abu Dhabi Crypto Firm Hayvn in Talks for Series B Funding, Eyes IPO

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/File Photo

Abu Dhabi-based crypto trading firm Hayvn is in talks with institutional investors to anchor a series B funding round that would value it at $400 million as it eyes an eventual initial public offering (IPO), its chief executive officer said.

Hayvn, which raised $5 million in series A funding in 2021, hopes to raise $30 million in the series B round which it expects to close in about three months, CEO Christopher Flinos told Reuters.

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