A crypto trading infrastructure for institutional investors, Talos fetched $105 million in a Series B funding round led by major investors Growth investor General Atlantic, Citigroup and others to boost its global expansion.
The funding round was also participated by other major investors such as Citigroup, Wells Fargo Strategic Capital, BNY Mellon, DRW, SCB 10x, Stripes, Voyager, and others joining as new investors.
Existing partners including Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures, and Fidelity Investments were also present in this funding round.
The completion of this round placed Talos’s valuation at $1.25 billion. Before this, the crypto exchange infrastructure had raised $40 million in a Series A funding round.
Talos facilitates institutional crypto investors with essential trading investors across pre-trade, execution, and post-trade stages.
Samar Sen, head of Asia Pacific at Talos stated in an interview, “We have been growing organically in these regions but now want to scale our reach through outbound strategies.”
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The platform will utilize the fresh fund to grow its businesses across Europe and Asia Pacific region. The firm is also planning to increase its current headcount of 80, according to Sen.
Currently, Talos only supports centralized crypto trading platforms. However, Sen revealed that the firm is also exploring opportunities to support decentralized finance (DeFi) platforms.
