On May 12, 2021, Hashdex, a Brazilian crypto investment and management platform, said it raised US$26 million in new funding from lead investors Valor Capital Group, SoftBank Group Corp., and Coinbase Global Inc. Other investors included local Igah Ventures, Globo Ventures, and Canary.

The Rio de Janeiro-based company, founded in 2018, has about four billion reais (nearly US$76 million) in assets under management. Hashdex plans to use the funds to expand beyond Brazil and grow its staff by the end of the year.

The Wilson Sonsini Goodrich & Rosati LatAm practice team that represented Hashdex in the transaction includes Matt Squires, Craig Sherman, Vanessa Heck, and Kiri Yoshimura.

For more information, please see coverage of the transaction at Yahoo! Finance and LAVCA.