DLA Piper advises C3 EOS VC I Fund on participation in 2.4 million funding round in League of Traders
DLA Piper has advised C3 EOS VC I Fund on its participation in a USD2.4 million pre-series A financing round in crypto social trading platform League of Traders. The round was led by venture capital firm C3 EOS VC I Fund, which focuses on financing early and growth stage technology companies. Additional funding was provided by Mirana Ventures, the investment arm of ByBit, and Cadenza Capital Management.
The funding will enable League of Traders to expand its user offerings and improve current copy trading features. The platform is a social trading service that allows traders to visually track assets across exchanges and make informed trading decisions. League of Traders transforms crypto trading into a gamified social experience with leaderboards, trader profiles, multi-exchange asset visualization, and community news and engagement. In 2022, users’ trading volume connected to the League of Traders platform has totaled over USD4 billion per month.
C3 Management GmbH is an asset management company focused on managing venture funds which invest in blockchain technology companies worldwide. C3‘s mission is, among other things, to accelerate growth, development and especially adoption of EOSIO-based blockchains and the EOSIO software. Towards this mission, C3 manages the C3 EOS VC I Fund, which is partly funded by Block.one and offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. C3 EOS VC I Fund, located in Frankfurt, Germany, focuses on early and growth stage technology companies.
The DLA Piper team was led by partner Simon Vogel (Corporate/Private Equity, Munich) and also included senior associate Philipp Meyer (Private Equity/M&A, Frankfurt) and associate Oliver Schmidt (Corporate/Private Equity, Munich).