Abu Dhabi crypto firm Hayvn in talks for series B funding, eyes IPO

FILE PHOTO: Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/File Photo

DUBAI (Reuters) - Abu Dhabi-based crypto trading firm Hayvn is in talks with institutional investors to anchor a series B funding round that would value it at $400 million as it eyes an eventual initial public offering (IPO), its chief executive officer said.

Hayvn, which raised $5 million in series A funding in 2021, hopes to raise $30 million in the series B round which it expects to close in about three months, CEO Christopher Flinos told Reuters.