Talos, a New York-based company offering solutions for digital asset investments, extended its Series B funding round with $45 million from names including Robinhood Markets, Sony Innovation Fund and IMC. This latest capital infusion totals the Series B raise at $150 million and brings the company’s valuation to approximately $1.5 billion.
“We extended our Series B round to accommodate interest from strategic partners who recognize Talos’s role in providing core institutional infrastructure for digital assets,” Anton Katz, CEO and co-founder of Talos, said in a statement. “At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth. Together, we’re building the foundation for the next generation of financial markets.”
The company equips financial institutions with tech and data that support the full digital asset investment lifecycle, including solutions for liquidity sourcing, price discovery, trading, settlement and portfolio management. Talos will put its new funding toward product development, incorporating tools for portfolio construction, risk management and more into its platform. It will also expand its platform to support traditional asset classes.
