Crypto software company Zabo raises $ 2.5 million in seed round funding, led by Moonshots Capital

According to The Block, crypto software company Zabo raised $ 2.5 million in seed funding. Moonshots Capital led the investment, with existing investors Blockchange Ventures, Digital Currency Group, CoinShares, Tezos Foundation and others participating. Zabo co-founder and president Alex Treece said the company plans to use the new funding to expand its engineering team and customer base. Currently the company team has 5 people (4 full-time, 1 part-time) and hopes to double the team size in the next 12-16 months. It is reported that Zabo is a software-as-a-service startup dedicated to connecting financial services companies with customers' cryptocurrency accounts.