Ashurst advises Coop Exchange on pre-seed fundraising 

Global law firm Ashurst has advised UK-headquartered fintech platform, Coop Exchange, on its pre-seed funding round, valuing the company at £10 million.

Co-operators Financial Services Limited, a Canadian financial services cooperative, led the investment with a contribution of over CAD$2 million, acquiring a 12.4% stake.

Coop Exchange achieved a £10 million valuation as part of the successful completion of the pre-seed funding round.

The team was led by tech M&A partner Jonathan Cohen, supported by senior associate Shaz Ali and associates Calum Thornton and Abby Buchan.

Lead partner Jonathan Cohen said: "We're delighted to have assisted the Coop Exchange on its initial fundraising and we look forward to continuing to work together on the next phase of Coop Exchange's growth."