Seattle-based cryptocurrency trading platform Strix Leviathan $1.6m in a seed round led by Liquid 2 Ventures.
Other contributions to the round came from Founders’ Co-op, Future\Perfect Ventures and 9Mile Labs. Seattle and San Francisco-based angel investors also took part in the investment, including Chris McCoy, Doug Baldwin Jr., Kirby Winfield and Steve Hall.
Strix is developing a cryptocurrency investment management app with an API to support trades across a range of crypto exchanges. Through its ‘Data Ingestion Engine’ the platform collects data from cryptocurrency exchanges such as live order data, order books and sentiment. This information is then displayed for consumers to help test their trading strategies.
The company implements AI and machine learning technology to create algorithmic trading strategies which are optimised to volatile market conditions and changes in the market. Strix’s ‘Order Gateway’ is a trade execution engine that helps to open up the API to complete transactions across multiple exchanges to access liquidity pools.
Liquid 2 Ventures general partner Mike Miller said, “I spent the second half of 2017 learning everything that I could about crypto markets and concluded that the market was devoid of quantitative analysis and algorithms.
“Wall Street has taught us that quants win, so if 2017 was the year of the ICO, 2018 will be the year of the quant. Jesse has built the right team to turn quantitative models into algorithms and run them at production scale.”
Future\Perfect Ventures took part in the $5m Series A funding round in to digital payments ring developer Token. The company raised the capital to support the go-to-markets efforts as well as hiring more staff.
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