Swiss fintech startup AlgoTrader has raised CHF 1.4 million (€1.1 million) for its automated algorithmic trading platform. The post seed round was led by NeueCapital Partners alongside a number of angel investors.
AlgoTrader develops an automated system for analysing securities, assets, and cryptocurrencies. The new funds will be invested in expanding internationally.
“We are seeing a tremendous amount of market interest in our solutions and now is the time to expand our business by investing in marketing and sales, product development and international expansion to support the continuing rapid growth of AlgoTrader,” commented CEO Andy Flury.
“We are especially encouraged that small and medium sized funds increasingly are using cost-effective and fully automated third-party technology like AlgoTrader, in their trading operations. We believe this will continue to drive strong growth in this market,” added Christian Janson Euterneck, partner at NeueCapital, on the investment.