The Pre-Series B funding is 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.

AlgoTrader has now raised $11.1 million in total and will pursue its mission to untangle digital asset trading for buy- and sell-side clients. The new investment will be used to expand AlgoTrader’s position in the market and to drive platform and team development.

By orchestrating the entire digital asset trade lifecycle with its modular approach, AlgoTrader’s strategic value proposition benefits not only buy-side clients, but especially meets the demands of banks and prime brokerage firms – making its technology stand out from pure OEMS providers and competitors.

The new capital infusion is a big vote of confidence in the AlgoTrader platform and business model, which comes on the heels of a record growth in 2021 – with the company booking an ARR increase of 200% in Q4 alone. Due to the further growth of crypto funds, while more banks are increasing their exposure to digital assets, AlgoTrader’s powerful feature set will perpetuate its ongoing success story.

AlgoTrader CEO Andy Flury stated:

“As we pursue our strategic focus on institutional digital asset trading, gaining support from leaders in the industry is invaluable. 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.”