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Silicon Canals: Change raises €2M

Updated: Sep 5, 2023

Amsterdam-based Change, a cryptocurrency platform for retail investors, announced on Friday that it has secured €2M in funding from Switzerland-based private equity firm Andromeda Capital Partners Suisse AG.

The Estonian-born company says it will use the funds to cement its position in the market. In 2021, the company raised €3.7M in crowdfunding from 50 private investors at a €175M valuation.

Change: What you need to know

Founded by Kristjan Kangro (CEO) and Gustav Liblik (CPO) in 2016, Change is a Dutch-Estonian community-driven investing platform that’s on a mission to ‘remove the barriers and complexities to wealth creation’.

To date, the company has raised over $21M (approximately €18M) in funding backed by over 7,000 private investors.

Roger Cook, former global CEO of DHL, and Hans van der Noordaa, former CEO of the Retail Division of ING Bank and Chairman of the Supervisory Board of Deloitte Netherlands, also back the company.

Last year, the company acquired a new Dutch license that will enable it to provide services with traditional and new-age financial assets throughout the EU.

Change Group, the parent company, received approval from the Dutch Central Bank (DCB) to offer its financial services to the 453M people living in the European Economic Area.

As a result, the Dutch company ramped up its investment options, including stocks, shares, exchange-traded funds (ETFs), and even commodities, as well as its established crypto and DeFi products.

Change aims to make investing and wealth creation simple, affordable, and accessible with a wide range of traditional and new-age digital financial assets.

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