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Fast take:
This fundraising follows Flowdesk’s $30 million Sequence A spherical introduced in June 2022, bringing the overall raised to this point to $80 million.
The corporate provides a multi-chain market-making platform overlaying greater than 9 layer-1s and layer-2s, and buying and selling throughout greater than 120 CEXs and DEXs.
Flowdesk additionally enjoys backing from the likes of Sfermion, NGC Ventures, Delphi Ventures, and Petrock Capital amongst others.
Crypto market-making platform Flowdesk has accomplished a $50 million Sequence B spherical led by Cathay Innovation, with participation from Ripple, EuraZeo, Cathay Ledger fund, SpeedInvest, and BPI France.
The corporate will use the recent capital to broaden market-making and OTC companies with a robust concentrate on bettering belief and effectivity in digital belongings markets.
In line with the announcement on the Flowdesk Web site, the corporate additionally plans to broaden regulatory protection in Singapore and within the US and broaden into key monetary hubs.
“This elevate highlights the importance of Flowdesk because the rising {industry} customary for market-making and over-the-counter (OTC) companies, providing sustainable and compliant liquidity options for token issuers and establishments,” stated Guilhem Chaumont, CEO and Co-Founding father of Flowdesk.
“In a panorama marked by regulatory uncertainties, volatility, and a number of industry-wide setbacks, liquidity has remained scarce. Flowdesk’s full suite of companies goals to revolutionize this panorama, providing scalable, risk-adjusted, and capital-efficient options,” added Chaumont.
Flowdesk stated final 12 months it skilled threefold development in revenues from the earlier 12 months, which was primarily pushed by the expansion of the APAC area.
The corporate has additionally been experiencing fast development in its just lately opened Canada and US workplaces over the previous two months.
Flowdesk was named a liquidity supplier for the Grayscale ETF, including to its checklist of associations that additionally features a collaboration with Societe-Generale FORGE.
Commenting on her firm’s main position within the Sequence B spherical, Jacky Abitbol, Managing Companion at Cathay Innovation stated: “We’re proud to champion Flowdesk by way of our Ledger Cathay fund. We’re very excited to help them to additional speed up their development and worldwide improvement. Via their modern SaaS mannequin, Flowdesk has constantly demonstrated spectacular efficiency during the last three years.”
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