AlgoTrader enlarges its Series A financing round to CHF5.2M

14.12.2020 13:55, Jonatan Masseus

AlgoTrader, a start-up providing a fully automated software for quantitative trading and trade execution for both traditional and digital assets 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 CHF5.2M. The Series A round is led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, and NeueCapital.

AlgoTrader 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 enable 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.

The financing round was led by Credit Suisse Entrepreneur Capital Ltd. and joined by investiere, Blockchain Valley Ventures, NeueCapital and Finlab EOS VC Fund.

AlgoTrader has been supported by both Venture Leader Fintech and TOP100. Andy Flury,  Founder and CEO at AlgoTrader, says "We were part of VentureLeaders NYC 2017 program which was very helpful when we got started, since then we have closed 3 rounds. Our inclusion as one of the Top 2 Swiss Fintech Scale-Ups was very helpful and was certainly recognized".