Tech Company Financing Transactions

Utorg Funding Round

Utorg, based in Tallinn, Harju County, raised $5 million from Dragonfly Capital, and TA Venture.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Proceeds Purpose
The seed funds will allow Utorg to bring in more IP licences, add to its headcount and look at new revenue generation channels.

Company Information

Company Status
Private & Independent
Mailing Address
Roosikrantsi tn 2-1068 Kesklinna linnaosa, Harju maakond
Tallinn, Harju County, 10119
Email Address
UTORG is a FinTech company that offers ? modern fiat to crypto exchange infrastructure to deliver ? top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against a fiat currency, virtual currency wallet service, exchanging a virtual currency against a virtual currency. UTORG OÜ has PCI DSS Level 2 certification.
Utorg LinkedIn Company Profile
Social Media
Utorg Company Twitter Account
Company News
Utorg News
Utorg on Facebook
Utorg on YouTube

Management Team

Email & Social
Chief Executive Officer
Eugene Petrakov
  Eugene Petrakov LinkedIn Profile  Eugene Petrakov Twitter Account  Eugene Petrakov News  Eugene Petrakov on Facebook
Chief Financial Officer
Artem Barannyk
  Artem Barannyk LinkedIn Profile  Artem Barannyk Twitter Account  Artem Barannyk News  Artem Barannyk on Facebook
Chief Operating Officer
Daniel Stolberg
  Daniel Stolberg LinkedIn Profile  Daniel Stolberg Twitter Account  Daniel Stolberg News  Daniel Stolberg on Facebook
Chief Technical Officer
Sam Krew
  Sam Krew LinkedIn Profile  Sam Krew Twitter Account  Sam Krew News  Sam Krew on Facebook



Browse more venture capital transactions:

Prev: 12/16/2022: Gilgamesh Pharmaceuticals venture capital transaction
Next: 12/16/2022: allO venture capital transaction


Share this article


Where The Data Comes From

We do our best to report on tech company VC transactions. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with, an affiliated venture.


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities


Business Glossary