True Global Ventures 4 Plus Fund (TGV4 Plus) has invested US$5.7 million and led the Series B round of US$17 million into Coinhouse, a French company that has been providing cryptocurrency management and transaction services since 2015.

The fund is dedicated to blockchain companies, primarily in late-stage Series B and C, across four verticals – entertainment and gaming, infrastructure, financial services, and data analytics and artificial intelligence.

Coinhouse, which allows users to buy, hold and sell their bitcoin, ethereum and more than 40 crypto assets, has more than 500,000 clients in Europe. In addition to its online platform and mobile app, the firm has a crypto private bank service, a custodian service for institutional investors, a team of advisers and experts dedicated to serving companies, and a multilingual customer support service, accessible by email and by phone.

“Coinhouse wants to position itself as the first European crypto bank,” says Nicolas Louvet, co-founder and CEO of Coinhouse and Coinhouse Custody Services. “Its objective is to make crypto assets accessible to as many people as possible, and within a regulated framework that guarantees serenity for investors. Thanks to this fundraising, Coinhouse will continue to diversify its offer, expand in Europe and strengthen its team to support its growth and allow European customers, individuals and businesses to diversify and grow their savings.”

Frank Desvignes, French partner of True Global Ventures, adds: “Coinhouse has shown strong profitable growth, and is very well positioned with high-quality services in France and Europe to welcome the new demand from high-net-worth individuals, family offices and companies investing in digital assets.”