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Fortune
Fortune
Ben Weiss

Unchained Capital, a Bitcoin lender and custodian, raises $60 million following competitors' collapse

Bitcoin Joe Kelly Fortune Crypto BlockFi Celsius Voyager
Unchained cofounders Dhruv Bansal and Joe Kelly in front of a blue background. (Credit: Courtesy of Unchained Capital)

The chill of Crypto Winter and the contagion of FTX, the now-bankrupt exchange, felled a series of crypto lenders in 2022. Unchained Capital, a Bitcoin financial services firm that lets customers put up Bitcoin as collateral for loans, is not one of them.

The company, which also provides Bitcoin custodial services, allows customers to buy Bitcoin, and has a Bitcoin IRA product, announced on Tuesday that it had raised $60 million in a Series B funding round led by Valor Equity Partners.

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