German FinLab EOS VC Fund Invests in AlgoTrader’s Series A Funding Roundby Fintechnews Switzerland December 14, 2020
AlgoTrader, a Swiss institutional-grade algorithmic trading software solution provider, announced that FinLab EOS VC Fund has invested an undisclosed seven-digit amount into its company. This raises the total investment raised during its Series A funding round to CHF 5.2 million.
The Series A round was led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, and NeueCapital.
The German-based FinLab EOS VC Fund is a partnership between Block.one, the publisher of the blockchain software protocol EOSIO, and FinLab, an investor in financial services technologies and blockchain in Europe.
With AlgoTrader’s recently released platform, WIRESWARM, the company also provides a robust, mission-critical gateway for trading and execution of digital assets.
AlgoTrader enables banks, brokers, OTC desks and market makers to connect to, and interact seamlessly with the world’s most liquid and regulated digital asset and cryptocurrency trading and execution venues.
“Since our inception, AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. Through our extended Series A round, we are backed by capital that is coupled with the comprehensive expertise and broad network of our investor base, who will support us to scale even further,”
said Andy Flury, CEO of AlgoTrader.
“Digital assets have increasingly gained prominence among investors. Therefore, institutional traders and banks now have the challenge of providing their clients with professional and secure access to this emerging asset class,”
said Juan Rodriguez, Managing Director of FinLab EOS VC Fund.
“AlgoTrader closes this gap with their trading and execution platform and we are convinced that it will become the leading engine for both traditional and digital assets. In addition to an algorithmic trading solution, which offers the highest usability and functionality for investors and issuers, and we also believe in the company’s management team, which consists of complementary skill sets and experienced managers with institutional finance backgrounds,”
AlgoTrader is also taking the next technological step through the utilisation of Block.one’s EOSIO protocol.
Featured image: Andy Flury, CEO of AlgoTrader