Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2019, Bittrex has backed 1 African startup across 3 disclosed funding rounds totaling $54.9M, most heavily in South Africa and Crypto & Web3.
Bittrex is a cryptocurrency exchange platform that has operated as a digital asset trading venue. The company faced significant regulatory challenges, including SEC charges in April 2023 for operating an unregistered national securities exchange, broker, and clearing agency, as well as enforcement actions from the U.S. Treasury's Office of Foreign Assets Control and Financial Crimes Enforcement Network in 2022 for sanctions and anti-money laundering violations. Bittrex Global, the company's international affiliate operating exchanges in Liechtenstein and Bermuda, entered liquidation, and the platform underwent a liquidation period between April and May 2025 where long-tail tokens were converted into major cryptocurrencies. Despite its operational challenges, Bittrex maintained an active investment portfolio focused on the African cryptocurrency sector. The company invested across multiple funding stages, from seed through Series B rounds, with a concentrated focus on South Africa's crypto and Web3 ecosystem. Bittrex's primary investment was in VALR, a South African cryptocurrency trading platform, with cumulative investments totaling $54.9 million across three rounds from February 2019 through March 2022.
Data updated · Mar 27, 2026
Bittrex has backed 1 African startup across 3 disclosed funding rounds tracked on Liners, totaling $54.9M since 2019.
Mostly Series B: 1 of its 3 tracked rounds are at that stage, followed by Series A (1).
Bittrex's tracked rounds are concentrated in South Africa (3).
Its tracked rounds lean toward Crypto & Web3 (3).
Bittrex most often shares rounds with 4Di Capital (2 shared deals), Alameda Research (1 shared deal), Avon Ventures (1 shared deal).
Bittrex invested in VALR, a South African cryptocurrency trading and payments platform. The investment spanned three rounds: a $1.5 million seed round in February 2019, a $3.4 million Series A round in July 2020, and a $50 million Series B round in March 2022, totaling $54.9 million in cumulative investment.
