Criptan closes a €3.5 million round led by Draper B1

Criptan, a Valencia, Spain-based startup operating a cryptocurrency platform, raised €3.5 million ($4M).

The money was raised from investors from Spain, including Draper B1, Reven, the founders of the eSports team Team Heretics (Antonio Catena, Arnau Vidal and Jorge Orejudo) and angel investors Iñaki Berenguer, Guillermo Díaz, Samuel de Luque, Ángel Corcóstegui, former CEO of Banco Santander, through his family office, and Juan Roig, through his investment company Angels. In addition, José María Castellano, who was vice president and CEO of the Inditex textile group between 1997 and 2005, has participated together with his son Pablo, who now leads its family office Nakadama.

Criptan was founded in 2017 by Jaume Sola and Jorge Soriano Lazaro and handles 25,000 users that made 114 million euros in transactions in 2021. The company launched also CriptanCard, the debit card launched together with Mastercard through which cryptocurrencies can be used to pay at any establishment; and CriptanEarn, a new service that allows obtaining returns on crypto assets of up to 4.8% in the case of Staking ETH 2.0 and returns on USDC, a stablecoin anchored to the value of the dollar.

Criptan secured €500k from Draper B1 and business angels from Spain at the start of 2021.