Robinhood and Sony Join $45M Series B Extension for Talos
New York's crypto infrastructure provider reaches approximately $1.5 billion valuation through Series B round extension supported by major institutional backers.
Talos, a provider of digital asset infrastructure solutions, has successfully secured an additional $45 million through an extension of its Series B funding round, bringing the firm's valuation to approximately $1.5 billion.
The funding extension brought in fresh strategic investment partners including Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, while also receiving continued support from existing backers a16z crypto, BNY and Fidelity Investments, the company announced.
"We extended our Series B round to accommodate interest from strategic partners," said Talos CEO Anton Katz. According to Talos, the newly raised capital will be deployed toward expanding product development efforts spanning its trading, portfolio management, execution, treasury and settlement tools and to support tokenized traditional assets on its platform.
Established in 2018 and headquartered in New York, Talos delivers software solutions that enable institutional clients to trade, manage and settle digital asset positions across exchanges, over-the-counter desks, custodians and other liquidity providers.
According to the company's latest disclosures, both revenue figures and the client base have experienced double growth throughout the previous two years, and the platform has successfully integrated with BlackRock's Aladdin system.
The company's growth strategy has also included strategic acquisitions. In July, Talos completed the purchase of blockchain analytics company Coin Metrics in a transaction valued at $100 million.
Crypto infrastructure firms continue to raise capital
The Series B extension raised by Talos arrives during a period when investors are demonstrating heightened interest in companies developing crypto payments and market infrastructure, with particular emphasis on platforms specializing in settlement, stablecoins and institutional-scale financial rails.
In October, Stripe, the payments company, raised $500 million for its blockchain initiative, Tempo, in a Series A financing led by Greenoaks and Thrive Capital, assigning the project a $5 billion valuation.
More recently, Mesh, a crypto payments infrastructure company, announced it raised $75 million in a Series C round led by Dragonfly Capital to invest on its crypto payments infrastructure.