Lenz & Staehelin advises EDC on Relai’s financing round

Relai, a Switzerland-based Bitcoin-only investment platform, announced the closing of a USD 4.5 million financing. The round was led by ego death capital (EDC), with further participation from Timechain, Cabrit Capital and Lightning Ventures, as well as other new and existing shareholders including Redalpine who led Relai’s previous funding round. 

Relai makes bitcoin purchases accessible to anyone regardless of their technical skills. In addition, the mobile app offers an easy-to-use non-custodial bitcoin wallet, giving users full control over their funds.

Proceeds from this round will go toward strengthening Relai’s position as a leading retail bitcoin-only on-ramp in Europe. The startup is planning to expand its services with zero-fee trading, upgrade to Lightning, and launch a white-label product that will let other fintech companies offer fiat-to-bitcoin trading.
 
Lenz & Staehelin advised the lead investor ego death capital as its Swiss counsel. The team included partner Beat Kühni (pictured) as well as associates Céline Stähelin and Stephanie Buschta (all Corporate/M&A).