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Arbelos Markets raises $28 million in a seed funding and debt financing round led by Dragonfly Capital

May 08, 2024•about 1 year ago

Amount Raised

$28 Million

Round Type

seed

New YorkCryptocurrencyBlockchain

Investors

ImmutableDeribitPolygonAevoCircle VenturesDragonfly Capital

Description

Arbelos Markets has raised $28 million in a seed funding and debt financing round led by Dragonfly Capital. The round also included participation from Circle Ventures, Aevo, Polygon, Deribit, and Immutable. The company plans to use the capital to improve its quant trading infrastructure, recruit staff, and broaden its product offerings and market reach.

Company Information

Company

Arbelos Markets

Location

New York, New York, United States

About

Arbelos Markets is a crypto liquidity provider, founded in 2023 by former traders at Galaxy and Genesis, Joshua Lim and Shiliang Tang. The company aims to be a principal dealer using their proprietary Transparency Engine developed by traders and quants experienced in cryptocurrency and traditional finance.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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