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# KuCoin raises $10 million in new funding
- URL: https://www.techloy.com/kucoin-raises-10-million-in-new-funding/
- Published: 2022-07-21T13:18:46.000Z
- Updated: 2022-12-08T00:17:29.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Crypto, Web3, Seychelles

Seychelles-headquartered crypto platform, [KuCoin](https://www.kucoin.com/) has raised $10 million in its new funding round from Susquehanna International Group (SIG).

- The fund will be invested in scaling its platform infrastructure and improving its product stack including hiring new talents and expanding globally.
- KuCoin is a centralized crypto exchange platform collaborating with SIG to incubate blockchain startups, as part of the deal in closing this round.
- The crypto platform also aims to improve the KCS and KCC ecosystems with a focus on the social aspects, DAO infrastructure, and the 'decentralized communities.'
- It last raised $150 million in May 2022 in a Jump Crypto-led round.