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Robinhood and Sony Join $45 Million Series B Extension for Talos
Key Takeaways
- Talos secured an extra $45 million in its Series B round, which lifts its valuation to about $1.5 billion;
- New investors include Robinhood and Sony Innovation Fund, with a16z, BNY, and Fidelity returning;
- The funds will enhance trading tools and support tokenized traditional assets on Talos’s platform.
Talos, a company that builds tools for digital asset trading, has raised an extra $45 million as part of its Series B round.
This funding brings the company's total value to around $1.5 billion.
The new funds came from several well-known names, including Robinhood Markets, Sony Innovation Fund, IMC, QCP, and Karatage. Existing investors such as a16z crypto, BNY, and Fidelity Investments also joined the extension.
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CEO Anton Katz said, "We extended our Series B round to accommodate interest from strategic partners". The company plans to use the new capital to improve products related to trading, portfolio management, and settlement.
Talos also aims to grow its support for tokenized versions of traditional financial assets.
Founded in 2018 and based in New York, Talos provides software that helps institutions buy, sell, and manage cryptocurrencies.
Its platform connects clients with exchanges, custodians, and other market providers, which allows them to manage and complete transactions smoothly.
Over the last two years, Talos has doubled both its revenue and the number of clients it serves. The firm has also integrated its system with BlackRock’s Aladdin platform, which is used by major financial institutions for portfolio management.
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