Angels from Citadel, Jane Street, JPMorgan back $20M raise for Theo network

Source of this Article
Coin Telegraph 1 day ago 207

Angels from Citadel, Jane Street, JPMorgan back $20M raise for Theo network

Theo, a provider of onchain trading infrastructure, has raised $20 million from 17 investors to enhance its institutional-grade trading platform aimed at retail investors.

The funding round was co-led by Hack VC and Anthos Capital, with additional participation from venture capital firms Manifold Trading, Miranda Ventures, Flowdesk, MEXC and Amber Group, Theo disclosed on April 24. 

Citadel, Jane Street, IMC and JPMorgan were listed as angel investors in the deal.

Created by former quant traders, Theo gives retail investors access to advanced strategies like high-frequency trading and market making, which are tools typically used by professional trading firms.

Theo’s infrastructure can be used across centralized exchanges and decentralized financing protocols, the company said. 

The Theo network secures nearly $29 million in total value locked as of April 23, according to industry data. 

Angels from Citadel, Jane Street, JPMorgan back $20M raise for Theo networkTheo’s total value locked is...


Facebook X WhatsApp LinkedIn Pinterest Telegram Print Icon


BitRss shares this Content always with Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) License.

Read Entire Article


Screenshot generated in real time with SneakPeek Suite

BitRss World Crypto News | Market BitRss | Short Urls
Design By New Web | ScriptNet