Talos $105 Million Funding Lead By General Atlantic

Talos $105 Million Funding Lead By General Atlantic

Talos, a supplier of commercial virtual currency transaction platform, recently announced a $105 million Series B fundraising round, valued at $1.25 billion. General Atlantic, a global growth equity firm, led the round, which included senior investors in both traditional banking and digital assets. Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA), and LeadBlock Partners all participated each round as new investors.

Citigroup Inc (C.N), Wells Fargo & Co’s (WFC.N) investment arm, and BNY Mellon Corp (BK.N) all participated in the Series B round, as did Stripes, a New York City-based global growth investor, and SCB 10X, Thailand’s Siam Commercial Bank Pcl’s venture arm (SCB.BK).

Talos, founded by Anton Katz and Ethan Feldman, launched its platform in 2018 and has a long list of current investors, including Andreessen Horowitz, PayPal Ventures, and Fidelity Investments, all of which have extended their support through the most recent fundraising round.

“We believe that the digital assets infrastructure will have a wide-scale impact on the entire financial industry and ultimately, we will see traditional asset classes migrate to use this new technology as well. Our investors, which include some of the most storied institutions on Wall St., share this belief and we’re honored to have their confidence and support.”

-CEO of Talos

The funding follows the firm’s rapid expansion, which saw large trading volume more than double year over year. Talos is to use the funds to expand and diversify its institutional-grade digital asset platform, which serves both buy-side and sell-side clients, as well as accelerate its expansion into Asia and Europe. In addition, the planning to extend its product offerings to handle the entire end-to-end trading cycle and improve its pre- and post-trade solutions.

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Jai Hamid

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