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Elwood Technologies, owned by billionaire Alan Howard, has closed its $70 million Series A funding round led by Goldman Sachs and Dawn Capital, writes Bloomberg. The round also
Elwood Technologies, owned by billionaire Alan Howard, has closed its $70 million Series A funding round led by Goldman Sachs and Dawn Capital, writes Bloomberg.
The round also featured Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders and Galaxy Digital Ventures.
The company will use the funds received to expand its product line and international expansion.
Elwood Technologies has developed a platform for institutional investors to access the digital asset market, from connecting to various trading platforms via API to execution, reporting and analytics.
Previously, Elwood Technologies had agreed with Bloomberg on the “strategic integration” of the crypto platform into the news agency’s order management system.
Recall that Alan Howard has invested in Copper, Komainu, Bullish Global, Bottlepay, Ledn and Nested, as well as Dan Tapiero’s 10T Holdings and One River Digital Asset Management.
Source: Fork Log
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