Celo spinout Valora snags $20m Series A

Valora, a crypto mobile app, raises more than $20m in a round led by Andreessen Horowitz.

Celo announced that its spinout Valora, a crypto mobile app that was launched earlier this year, has raised $20 million in Series A funding. The investors included Andreessen Horowitz, Polychain Capital, SV Angel, Nima Capital, NFX and Valor Capital.

Source: Press Release

Correction: The headline and story text of the post above was updated to note that Valora, an independent company that spun out of Celo, raised the funding round.