Elwood Technologies raises $70 million from Goldman Sachs and other investors

Elwood Technologies, owned by billionaire Alan Howard, closed a Series A financing round of $70 million. The round was led by Goldman Sachs and Dawn Capital, Bloomberg reports.

Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders and Galaxy Digital Ventures also participated in the round.

The funds will be used to expand its product lineup and pursue international expansion.

Elwood Technologies has developed an institutional-investor-focused platform for access to the digital asset market—from connecting to various trading venues via API to execution, reporting and analytics.

Earlier, Elwood Technologies agreed with Bloomberg on a ‘strategic integration’ of the crypto platform into the information agency’s order-management system.

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