Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel. Other investors in the new funding round include Cygni, Goldcrest and Valor Equity Partners. River last raised $12 million in a Series A round in 2021.
River offers a wide range of Bitcoin-related services to individuals and businesses, including a brokerage offering zero-fee dollar cost averaging, mining, full reserve custody, and a wallet network that supports on-chain and Lightning Network transactions. Last October, the company launched River Lightning, an application programming interface (API) that makes it easier for companies to connect their applications to the Lightning Network.