Finnish Digital-Asset Lender Tesseract Raises $25M in Series A Funding

The company plans to use the money for hiring and product development.

Jun 21, 2021 at 7:00 a.m. UTC
Updated Sep 14, 2021 at 1:14 p.m. UTC

Finnish digital-asset lender Tesseract has raised $25 million in a Series A funding led by U.K. investor Augmentum Fintech.

  • The Helsinki-based firm offers digital-asset lending products, including margin loans, to institutional clients such as hedge funds and retail trading platforms.
  • Tesseract partnered with U.K. custody firm Copper in October to launch a margin trading lending service, allowing clients to borrow funds and trade them automatically across different exchanges.
  • Other participants in the round included Coinbase Ventures, BlackFin Capital Partners and Jabre Capital Partners Family Office, Tesseract said in an emailed statement.
  • Tesseract plans to use the money for hiring and product development.
  • The firm said its clients include international financial institutions, which it declined to identify.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.