Swiss Bitcoin platform, Relai has raised $4.5 million to strengthen its grip on the crypto onramp market.

The round was led by ego death capital - Andi Pitt, founding partner will also join Relai’s board, bringing with her former trading experience as Vice President of trading at Goldman Sachs, New York.

Other investors in the round are Timechain, Cabrit Capital, and Lightning Ventures and both Redalpine and Fulgur Ventures are showing continued belief as they are investing again.

Redalpine led the previous round which included crowdfunding, exceeding all the expectations closing the original €1.5 million round at €2.16 million. Including the ego death capital led round, Relai have raised a total of $11.8 million to date, across five rounds, since its initial seed round in 2020.

The start-up was founded by Julian Liniger and Adem Bilican when they were looking for a hassle-free way to safely buy bitcoin. They created the platform to allow retail investors buy and sell bitcoin without the additional constraints of registration, verification, or deposits – it also gives investors full control of their funds via a non-custodial bitcoin wallet.

Relai recently launched an offering to attract small and medium-sized businesses to bitcoin trading with Relai Business.