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CloudTech Raises $14M in Blockchain Series A Funding Round

Blockchain

Business Honor
12 June, 2025

CloudTech secures $14M to launch institutional-grade crypto custody and expand its blockchain-based financial infrastructure in Australia.

The Melbourne-based blockchain funding company CloudTech Group has raised $14 million in a Series A funding round, with most of the funding being generated by bitcoin. One of the major cryptocurrency-based fundraisers in Australia, it shows rising acceptance of digital currency as an option for funding initiatives that last.

The total of $11 million in cryptocurrency, mainly Bitcoin and USDT, and $3 million in cash constitute the funding. New funding will support the company's greater crypto-native financial system development in addition to the introduction of CloudTech Custody, an institutional-grade storage platform for digital currencies.

CloudTech Custody will offer accurate reports, strong security, and individual wallets. Company states that by reducing the difficulties linked to self-custody and allowing clients to have full authority over their assets, its solution improves the management of digital data. CFO and executive director of CloudTech Group, Mandy Jiang, stated that “this raise marks a major step forward in delivering core infrastructure for the digital asset economy.”

CloudTech, founded in 2021 by fintech entrepreneur Kevin Chen, offers a number of digital financial services, such as stablecoin infrastructure, OTC trading, and its internal CobWeb Pay platform, which links digital and traditional financing. By linking traditional finance with the blockchain world, CloudTech aims to use this funding to strengthen its role as a major infrastructure supplier in Australia's growing decentralized financial sector.