The startup Solidus Labs, focused on monitoring market manipulation in the crypto industry, closed a Series B financing round worth $45 million.
\n\n\n
\n
In case you haven’t yet read our feed, yesterday, we announced our $45M Series B funding round. CEO @AsafMeir and @giancarloMKTS shared the news in an exclusive with @Forbes Crypto’s @ninabambysheva: https://t.co/pAYGYZXQwc pic.twitter.com/NlEWydQAOi
\n
— Solidus Labs (@Solidus_Labs) May 13, 2022
\n
\n\n\n
The round was led by Liberty City Ventures with participation from Evolution Equity Partners, Declaration Partners, former head of the OCC (Office of the Comptroller of the Currency) and former chair of the CFTC Christopher Giancarlo.
\n\n\n\n
The funds will be used to expand the number of funding partners and to advance R&D. Since the start of 2021, the team has grown fourfold.
\n\n\n\n
Former Goldman Sachs bankers founded Solidus Labs in 2018. They are convinced that the lack of proper controls and risk-reduction tools are the main barriers to the mass adoption of cryptocurrencies.
\n\n\n\n
In November 2021, Solidus Labs attracted $15 million in strategic investments.
\n\n\n\n
In May of the same year the startup closed a Series A funding round of $20 million with backing from FTX, NYDIG and others.
\n\n\n\n
Read ForkLog’s Bitcoin news in our Telegram — news on cryptocurrencies, rates and analysis.