The Swiss-based Bitcoin platform Relai has established itself as a leader in offering self-custodial Bitcoin investments, catering to a diverse clientele, mainly millennials and Bitcoin newcomers. The Swiss-Made Bitcoin App has gained significant traction and is expected to hit 1 million Downloads in 2025, making it the market leader in Europe.
Relai has achieved over 300% year-on-year growth in user adoption, demonstrating the growing demand for Bitcoin investments in Europe. Building on this achievement, the company aims to obtain the MiCA license in early 2025, strengthening its market position as one of the first Bitcoin-focused platforms fully compliant with Europe’s new regulatory standards. This license will enable Relai to aggressively expand its award-winning app to over 400 million users across key European markets.
The fresh capital injection of $12 million in the series A funding round will allow Relai to accelerate its product development and marketing efforts and boost its geographical expansion, extending its Bitcoin-focused services to additional European markets beyond Switzerland. The round was led by ego death capital, which committed $4 million, with further participation from Plan B Bitcoin Fund, Timechain, and Solit Group.
"We are thrilled to have gained the trust of the top investors in the global bitcoin industry. Despite the tough market conditions, our financing round was heavily oversubscribed. This fresh capital will massively accelerate our growth and support our mission to educate and onboard millions of Europeans to Bitcoin." said Julian Liniger, Co-Founder and CEO of Relai.
“Julian and Adem have built an incredible team and platform by focusing relentlessly on long term value to users - helping them to both understand Bitcoin, and to buy it safely and securely. They are already a leader in Europe and are well positioned to become a household name. We have seen amazing growth since our first investment in the company and are more optimistic than ever about supporting Relai on the next leg of their journey!” said Jeff Booth, Founding Partner at ego death capital.
(press release / RAN)
Picture: Adem Bilican (left), Co-Founder and CTO and Julian Liniger, Co-Founder and CEO of Relai
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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