The Zurich-based Fintech startup Lykke announced that it has raised $1 million during its initial coin offering (ICO), which closed on October 11. During the one month long ICO, more than 23 million Lykke coin were sold, raising CHF 1,161,338, which amounts to around $1 million. During the ICO, Lykke’s mobile wallet was downloaded by over 1,200 new users and the amount of Lykke coin holders increased from 147 to 717. While the target amount of CHF 1.5 million was not reached, Lykke’s management still considers the ICO a success.
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