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Latham Advises Octopus Ventures on Merge’s Seed Round

July 4, 2022
Funding aims to support the company’s platform uniting cryptocurrency and traditional financial services.

Latham & Watkins has advised Octopus Ventures as lead investor on the US$9.5 million seed funding round of Merge Holdings, a Web3 payments infrastructure provider. The round will support the development of Merge’s banking and payments platform to bridge the gap between cryptocurrency and traditional financial services.

The round was led by Octopus Ventures, with participation from Coinbase Ventures, Hashed, Alameda Research, and Ethereal Ventures, among others.

The Latham team was led by London corporate partner Shing Lo, with associate Katie Kaplucha.