AlgoTrader nets $4.9m pre-Series B

AlgoTrader, an automated quantitative trading and trade execution platform, has picked up $4.9m in its pre-Series B funding round.

Credit Suisse Entrepreneur Capital and C3 EOS VC Fund co-led the round. Other contributions came from SBI Investment, Fenbushi Capital, Verve Ventures, Quonota Investments, NeueCapital and more.

This equity burst will help AlgoTrader to further deploy its digital asset trading platform globally. Capital will also be used to expand its position in the market and boost team development.

The company has experienced a strong past year, with an ARR increase of 200% in Q4 2021, alone.

AlgoTrader is an institutional trading technology developer for digital assets. It covers the entire trade lifecycle, from pre-trade risk checks to order generation, automated settlement and custody reconciliation.

Fenbushi Capital partner Rin Huang said: ?The segmentation of crypto markets, and the related price differences, have always posed major problems for institutional traders. As Asia first blockchain-focused VC firm, we are very well acquainted with these challenges and have seen how AlgoTrader innovative solutions open up new opportunities for banks, brokers, OTC desks and market makers, giving them greatly enhanced access to this burgeoning sector.

?We are excited to support AlgoTrader vision and to help them onboard the next wave of institutional traders into the digital asset ecosystem.p>

With the close of the round, the FinTech company has raised a total of $12m in funding. It previously raised $3.8m in a funding round back in January 2020.

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