AlgoTrader Raises $3.8M in Fresh Funding, Adds New Board Member

Source: Finance Magnates 2020-01-09

AlgoTrader AG, a Swiss provider of automated algorithmic trading platforms, has announced on Wednesday the closure of its Series A funding round, securing CNF 3.7 million (around $3.8 million).

Led by an unnamed tier 1 bank, the participants of the fresh funding round include BlockChain Valley Ventures and NeueCapital, an existing seed round investor in the firm.

In his statement, Andy Flury, chairman and CEO of the company, said: “Since our inception, AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. We are excited about the trust of our investors to receive this new round of capital and build upon our leadership in five key areas: vision, product, customer support, partnerships with a team of industry experts.”

Since its inception in 2014, the Zurich-headquartered company has been focused on building automated quantitative trading platforms for several asset classes, including cryptocurrencies. It has structured its business in two lines – one is for traditional finance while the other is for crypto.

Algo

AlgoTrader Raises $3.8M in Fresh Funding, Adds New Board Member

Subscribe to Our Newsletter!

Subscribe to Our Newsletter!