Deutsche Bank has participated in Partior's second Series B funding round, increasing the total funds raised to $80 million. Founded in 2021, Partior has raised $111 million across both funding rounds.
New Funding Stage
Partior initiated its second Series B funding round in June 2024, after completing a successful Series A with $31 million raised in 2022. The Series B was led by Peak XV Partners. To date, Partior has raised $111 million in total.
Role of Deutsche Bank and Partior's Products
According to Humphrey Valenbreder, CEO of Partior, the company's mission is to enable 'secure and instant cross-border transactions for financial institutions worldwide.' The company's products include a 'global unified ledger' that facilitates real-time, cross-border, multicurrency transactions via blockchain.
Economic Uncertainty and the Role of Blockchain Technology
Partior's latest funding round concludes amid global economic disruptions. Uncertainty caused by conflicts in the Middle East and Europe, along with the upcoming presidency of Donald Trump in the US, has led to abrupt changes in currency values. Numerous financial institutions are turning to unconventional banking solutions, with blockchain technology playing a significant role.
By investing in Partior, Deutsche Bank highlights the relevance and importance of innovative solutions in a continuously evolving global financial landscape driven by technological advancements and the need for increased transparency.
