The SFOX cryptocurrency trading platform just closed its $ 22.7 million Series A financing round with the participation of Nathan Blecharczyk, the co-founder of Airbnb.
Notable developments
The Series A financing round was led by Arjun Sethi, co-founder and partner of Tribe Capital and Social Capital. Other large companies including Y Combinator, Khosla Ventures Digital Currency Group, Blockchain Capital and Blecharczyk participated.
The American SFOX Cryptocurrency Reseller targets the services of "large-scale investors such as funds, family offices and wealthy individuals. " Besides, he has over 9 billion transactions to date.
According to Sethi, "the ability of institutions to trade from a single account and to buy and sell high volumes with no impact on prices is exactly what institutional investors seeking to adopt cryptocurrencies need," saidSethi. as the ecosystem becomes more fragmented. "
The company tends to add cryptocurrency pairs, improve the liquidity of transactions and promote expansion into "new geographic areas" with the round of financing.
Successful collections
In parallel, the startup Axoni was able to collect $ 32 million during its round of financing led by Goldman Sachs and NycaPartners . She has worked with other investors like Wells Fargo, JP Morgan, Citigroup and Andreessen Horowitz.The venture capital division of General Electric (GE) has joined a $ 12 million investment round for the Xage Security startup , with the participation of City Light Capital and NexStarPartners.
What do you think of the co-founder of Airbnb participating in SFOX's $ 22.7 million round of financing? Let us know in the comments section below.
Posted from my blog with SteemPress : https://infos.link/nathan-blecharczyk-participates-in-23-million-financing-round-for-sfox-startup/