14, September 2020, Zürich/Frankfurt – AlgoTrader today announced that Finab EOS VC Fund has invested a seven-digit amount into the company. This investment enlarges the company’s Series A round to CHF 5.2 million. The Series A round is led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, and NeueCapital.
FinLab EOS VC Fund is a partnership between Block.one, the publisher of the blockchain software protocol EOSIO, and FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR), one of the first and largest investors in financial services technologies and blockchain in Europe.
AlgoTrader AG provides a software solution for fully integrated and automated quantitative trading and trade execution for both traditional and digital assets. With its recently released platform, WIRESWARM, the company also provides a robust, mission-critical gateway for trading and execution of digital assets. With its leading quantitative strategy design, testing, automation, and trade execution platform across all asset classes, AlgoTrader enables banks, brokers, OTC desks and market makers to connect to, and interact seamlessly with the world’s most liquid and regulated digital asset and cryptocurrency trading and execution venues.
“Since our inception, AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms on the market. Through our extended Series A round we are backed by capital that is coupled with the comprehensive expertise and broad network of our investor base, who will support us to scale even further,” said Andy Flury, CEO of AlgoTrader AG.
“Digital assets have increasingly gained prominence among investors. Therefore, institutional traders and banks now have the challenge of providing their clients with professional and secure access to this emerging asset class,” said Juan Rodriguez, Managing Director of FinLab EOS VC Fund.
“AlgoTrader closes this gap with their trading and execution platform and we are convinced that it will become the leading engine for both traditional and digital assets. In addition to an algorithmic trading solution, which offers the highest usability and functionality for investors and issuers, and we also believe in the company’s management team, which consists of complementary skill sets and experienced managers with institutional finance backgrounds,” he added.
AlgoTrader AG is also taking the next technological step through the utilization of Block.one’s EOSIO protocol. “With expensive traditional audit procedures becoming void through the data persistence and security that comes along with the utilization of blockchain technology, we are enabling further efficiency by integrating EOSIO, the most highly performant, scalable and reliable blockchain solution on the market,” said Bartosz Wojcik, CTO of AlgoTrader AG.
Available on-premises or in the cloud, AlgoTrader is an institutional-grade algorithmic trading software solution for conducting quantitative research, trading strategy development, strategy back-testing and automated trading for both traditional securities and crypto assets. AlgoTrader provides everything a typical quantitative trading firm requires to run its research and trading operations. It is the very first and most advanced algorithmic trading software product to allow automated trading of Bitcoin and other crypto assets. Based in Zurich, New York, and Singapore, AlgoTrader operates globally.
About Block.one and EOS VC
Block.one’s EOS VC program offers developers and entrepreneurs the funding they need to create community-driven businesses leveraging EOSIO. It makes investments and provides support to companies building on EOSIO software through its venture capital partnership funds.
block.one and vc.eos.io
About Credit Suisse Entrepreneur Capital Ltd.
A wholly-owned subsidiary of Credit Suisse (Switzerland) Ltd., Credit Suisse Entrepreneur Capital Ltd. (CSEC) provides growth and venture capital for small and medium-sized enterprises (SMEs) as well as start- ups. With total capital of CHF 200 million, CSEC has invested CHF 150 million in around 60 companies since it was founded in 2010. Its investments focus on established companies that require capital in order to grow, as well as on innovative start-ups in the automation, robotics, digitalization, life sciences, and medtech fields. www.credit-suisse.com/entrepreneurcapital
About FinLab AG
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies (“FinTech”) and blockchain sector in Europe. FinLab’s focus in this context is providing venture capital for start-ups. FinLab’s aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.
Phone: +49 69 719 12 80 0
investiere is the leading European startup investment platform for qualified and institutional investors. A team of investment professionals screens thousands of companies and presents the best investment opportunities on a digital platform after a rigorous due diligence process. investiere focuses on European startups in the digital, tangible and health tech space. The investiere community consists of more than 4’600 qualified private investors, family offices and pension funds. Furthermore, numerous corporations rely on investiere’s expertise to screen, select and invest in promising startups. Since inception in 2010, investiere has invested over EUR 120 million in over 100 startups. Switzerland’s third-largest bank, Zürcher Kantonalbank, is an anchor investor of investiere. To join investiere’s growing international investor community, visit investiere.ch.
About Blockchain Valley Ventures
Blockchain Valley Ventures is a Swiss based venture capital firm and corporate finance advisor with offices in Zug, Zurich and Singapore and partnerships in London, San Francisco, Frankfurt, and Israel. BVV backs ambitious teams with global ambition from the very early stage of the project through seed, Series A and B rounds. BVV follows a vertical industry approach, trying to identify key trends and strong founders who can use the blockchain technology to disrupt or make existing industries more efficient. BVV is part of Draper Venture Network (Beta Program).
NeueCapital is a Silicon Valley based venture capital investor focusing on emerging European & Israeli related software companies in the B2B space. The fund’s investment team of software specialists, partners with early growth stage startups which have a strong and proven competitive edge in their domain, and plan to expand into the US market. NeueCapital aims to be the partner of choice for these companies in their Series A and B financing rounds.