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Coinsquare closes record C$30 million investment in Canadian digital currency exchange

Fasken
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Overview

Client

goNumerical ltd. (Coinsquare)

On February 8, 2018, goNumerical Ltd. (d.b.a. Coinsquare), announced that it had completed a marketed equity financing for total proceeds of approximately $30 million. Coinsquare had raised $47.3 million in a little over four months at equity valuations increasing from $30 million to $430 million, to become the premier digital exchange in the country. The most recent round of funding will be used to fuel a global growth plan and diversification strategy.
 
Coinsquare is one of Canada's leading, most secure trading platforms and digital currency exchanges for the world's most popular digital currencies. It has since grown to be the premier digital exchange in the country and has raised considerable funds to position itself for international growth.
 
Fasken advised Coinsquare with a team that included Craig Brown, Reid Crombie, Daniel Fuke, Jeff Dennis, Ryan Schnier, Simar Anand and Trevor Snider (articling student).

Team

  • M. Craig G. Brown, Partner | LEADER, INDIA PRACTICE GROUP, Toronto, ON, +1 416 868 3411, cbrown@fasken.com
  • Reid Crombie, Partner, Toronto, ON, +1 416 868 7885, rcrombie@fasken.com
  • Daniel Fuke, Partner, Toronto, ON, +1 416 865 4436, dfuke@fasken.com
  • Jeff Dennis, Counsel, Toronto, ON, +1 416 868 7544, jdennis@fasken.com