Komgo SA, the Trade Finance Blockchain, raised CHF 26 million (USD 29 million)
2 June 2021 – Komgo SA, the trade finance blockchain joint venture, has successfully closed its third funding round by raising CHF 26 million (USD 29 million) in its third round of funding.
The investment brought in, among other, SMBC, bringing the total number of investors to twenty including ABN Amro, BNP Paribas, Citi, Consensys, Crédit Agricole, Gunvor, ING, Koch, Macquarie, Mercuria, MUFG, Natixis, Rabobank, SGS, Shell, SMBC, Société Générale and Total.
Walder Wyss advised Komgo in the financing round. The team was led by Patrick W. Vogel (Partner, Corporate/M&A) and included Alexander Sorton (Associate, Corporate/M&A), Valentine Schnyder (Associate, Banking & Finance) and Camille Tistounet (Trainee Lawyer).