Choise.com

<p><img src="https://choise.com/_next/image?url&#61;https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F11%2Fsecond_investment_16x9.png&amp;w&#61;3840&amp;q&#61;75" /></p><p>Choise.com is a leading crypto firm and <a href="https://defi.choise.com/?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">earn marketplace</a>. It stands out by combining <a href="https://choise.com/news/updates/meet-choise-com?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">promising income-gaining solutions</a> such as staking, yield farming, liquidity pools, interest accounts, etc. into a unified, integrated ecosystem.</p><p>Today  we will share the information about the upcoming second investment  round worth $33M and the related plans for the Choise.com development.</p><h3 id="series-a-round">Series A round</h3><p>Choise.com  is seeking a significant injection of money to enable it to immediately  deliver on its potential. $33M worth of funds of the second investment  round are to be deployed across the following strategies:</p><ul><li>$12M  – to acquire and retain 2M active users thereby bolstering Choise.com  token usage and building a substantial, sustainable turnover.</li><li>$10M – to reduce CHO pressure via buyback from early seed and private investors.</li><li>$6M – to improve and fast-track our diversified product line across retail and b2b.</li><li>$5M – to enhance CHO MM and listing strategy, including listing on Tier-1 exchanges – Binance and others from top 5.</li></ul><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/52be34e57af3430896891e9ee3f42ae4.png" /></p><p>Over  the past few months we have been quietly raising funds for global  retail and institutional customer acquisition campaigns. This started in  May with the successful sale of our CHO token to separate funds. By now  we have already secured $15M ($4M HNW and $10M from the lead investor)  and <a href="https://choise.com/news/updates/crowdfunding-is-live?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">launched the new equity sales</a> on the <a href="https://www.seedrs.com/choise?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">Seedrs platform.</a></p><h3 id="what-s-next">What’s next</h3><p>We  aim to score, select and bring the top earn products from the market  thus occupying a market share of at least $2.2B within the next two  years.</p><p>Besides, within 36  months, Choise.com plans to become one of the leading service providers  of the crypto market with more than 2M registered users, more than $10B  under management in deposit and crypto investment products (TVL) and top  20 positioning of our native token CHO on CoinMarketCap.</p><p>Choise.com  definitely enjoys unrivaled benefits – both market anticipation and  first-mover advantage, creating solutions focused on simplicity and  accessibility, which then become mainstream. $33M worth of funds are  aimed at the extensive development of the company, achieving and  maintaining leader positions on the market. “We need to accelerate our pace, and the new round will help,” – said CEO &amp; founder of Choise.com Vladimir Gorbunov.</p><h3 id="previous-investment-round">Previous investment round</h3><p>The first round sold out among 24 funds and private investors, and the Choise.com native <a href="https://choise.com/cho?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">token CHO</a> has since witnessed a price increase more than 350%. Over €3.1 million were raised from European investors on the <a href="https://www.seedrs.com/choise?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">Seedrs platform</a>. The initial fundraising target of €1 million was closed with an astounding 210% overfunding from 2,535 investors.</p><p>We used the proceeds as follows:</p><ul><li>22% – B2B expansion</li><li>22% – marketing expansion</li><li>17% – new products launch and team expansion</li><li>17% – fiat currency licenses</li><li>11% – global coverage of our card</li><li>11% – current products and customer support improving</li></ul><p>Notably  we increased the number of registered users from 500K to 750K, as well  as the number of b2b customers from less than 10 to almost 50. We also  obtained cryptocurrency registration in the UK and launched the brand  new earn product line thus meeting <a href="https://www.seedrs.com/crypteriumwallet/sections/idea?utm_source&#61;article&amp;utm_medium&#61;blog&amp;utm_campaign&#61;all%7C-2nd_investment_round-%7Cna%7Cperf_002&amp;utm_content&#61;&amp;utm_term&#61;%7C" rel="noopener noreferrer nofollow">all the goals that were set</a>.</p><p><strong>Watch video and read full article <a href="" rel="noopener noreferrer nofollow">https://choise.com/news/insights/33m-second-investment-round</a></strong></p>

Choise.com has launched the second investment round worth $33M

Table of Contents

ChoiseCom

Other articles published on Dec 1, 2022

OpenOcean launches Gasless Limit Orders on Arbitrum

Notice of the Postponement of Along with the Gods Update

Source Digital Collaborates with Blacknut, Initiating a Multi-Faceted Metaverse Portal

Quidd Collector’s Council Meeting Notes — November 22nd, 2022

BitMEX to Introduce ETHYLD to Offer Exclusive Hedging and Trading Opportunities to the Users

Thomas Lee Retains His $200K Bitcoin Price Prediction

Join our free newsletter for daily crypto updates!