UK stablecoin infrastructure startup Noah closes $38M seed round

What happened

UK stablecoin (a digital token meant to hold a fixed value, usually one dollar) infrastructure startup Noah has closed a $38m seed funding round, it said today, after bagging another $16m to the round. Noah, founded in 2020, said last year it had raised $22m in seed funding with funding raised from investors like LocalGlobe and Felix Capital, with angels such as Palantir co-founder Joe Lonsdale and David Helgason, the co-foudner of Unity Technologies, the gaming company, also participating.

Today, it said it had completed the round, having received an extra $16m from Endeit Capital, FJ Labs, LocalGlobe, Felix Capital and other investors. Noah provides payment infrastructure that connects fiat money with stablecoins.

Key facts

• Noah — provides: payment infrastructure that connects fiat money with stablecoins