Zurich-based digital asset trading technology platform AlgoTrader has raised $4.9 million in pre-series B to roll out its digital asset trading platform on a global scale.
The round was co-led by Credit Suisse Entrepreneur Capital and C3 EOS VC Fund with participation from East Asian venture capital firms SBI Investment and Fenbushi Capital, as well as other renowned investors, including Verve Ventures, Quonota Investments, NeueCapital, and more.
The platform has now raised more than $12 million in total and will continue to pursue its mission to untangle digital asset trading for buy- and sell-side clients.
The institutional trading technology platform for digital assets that covers the entire trade lifecycle from pre-trade risk checks to order generation, automated settlement, and custody reconciliation has been on a growth track. It logged in an ARR increase of 200% in Q4 alone last year.
Talking about the new investment, Andy Flury, founder and CEO, AlgoTrader said: “This round of investment goes beyond dollars as we are able to draw on the expertise, infrastructure, and networks of our new investors to accelerate our growth and work towards the upcoming Series B funding.”