Sygnum achieves unicorn status with $58m growth round
Sygnum, a crypto banking group based in Switzerland, has secured $58 million in a strategic growth round, achieving a post-money valuation exceeding $1 billion.

Sygnum achieves unicorn status
The round was led by US venture capital firm Fulgur Ventures, with support from both new and existing investors, as well as Sygnum employees, who participated “on equal terms”, explains the company.
Founded in 2017, Sygnum provides a suite of digital asset banking, B2B, tokenisation and asset management services to over 2,000 institutional clients across more than 70 countries.
In FY 2024, the company claims to have achieved operational profitability, with its total annual trades growing by over 1,000% year-on-year.
Sygnum’s valuation has steadily increased in recent funding rounds, reaching $800 million with its $90 million Series B in 2022, and $900 million with its $40 million growth investment round last year.
This recent cash injection has been earmarked to drive the firm’s multi-regional expansion strategy, targeting Hong Kong and all 30 EU and EEA markets.
Moreover, the funds will also be used to pursue acquisition opportunities, enhance its institutional infrastructure, and expand its product portfolio.