Talos, a crypto-trading platform, raises $40 million from a16z and other investors

New York-based provider of cryptocurrency trading technology Talos closed a $40 million Series A round.

We are humbled and excited to complete our Series A funding round with some of the most innovative and well-respected investors in the industry. The funding will drive the expansion of our platform in new ways & marks the next big step of Talos’s journey. https://t.co/fDLFDrm1u0 pic.twitter.com/PA4l9F97Hv

— Talos (@talostrading) May 27, 2021

The round was led by venture firm Andreessen Horowitz with participation from PayPal Ventures, Fidelity Investments, Galaxy Digital, Elefund, Illuminate Financial, STEADAST Capital Ventures and early investors.

Founded in 2018 by Anton Katz and Ethan Feldman, Talos provides direct access to crypto markets, price monitoring, reporting, clearing, and other services for institutional clients.

In April, former Goldman Sachs head of digital assets Justin Schmidt joined the project team.

Ledn raised $30 million.

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