Israeli digital asset security infrastructure developer Curv is in talks to be acquired for more than $200 million, according to sources close to the matter. The name of the potential buyer is not known.
Curv was founded in 2018 within the Team8 foundry by CEO Itay Malinger and CTO Dan Yadlin. Team8 founder Nadav Zafrir serves as Curv's chairman.
The company has raised $29.5 million to date and it raised $23 million in its most recent financing round last summer with investment from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund.
Curv has developed a platform for managing cryptocurrencies in the cloud, which allows liquidity of assets while securing the digital currencies.
If the deal is completed, it will be the third and largest exit for Team8, which was founded in 2014.
Published by Globes, Israel business news - en.globes.co.il - on March 2, 2021
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