2024

Partner

Quick take: 
<ul> 
 <li>This fundraising follows Flowdesk’s $30 million Series A round announced in June 2022, bringing the total raised to date to $80 million.</li> 
 <li>The company offers a multi-chain market-making platform covering more than nine layer-1s and layer-2s, and trading across more than 120 CEXs and DEXs.</li> 
 <li>Flowdesk also enjoys backing from the likes of Sfermion, NGC Ventures, Delphi Ventures, and Petrock Capital among others.</li> 
</ul> 
Crypto market-making platform Flowdesk has completed a $50 million Series B round led by Cathay Innovation, with participation from Ripple, EuraZeo, Cathay Ledger fund, SpeedInvest, and BPI France. 
The company will use the fresh capital to broaden market-making and OTC services with a strong focus on improving trust and efficiency in digital assets markets. 
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 Flowdesk has secured a $50M Series B round led by <a href="https://twitter.com/Cathayinnov?ref_src=twsrc%5Etfw">@Cathayinnov</a> and with the support of its existing investors. The funds will be used to broaden market-making and OTC services with a strong focus on improving trust and efficiency in digital assets markets. Read more here :… <a href="https://t.co/8cUgLC6JJJ">pic.twitter.com/8cUgLC6JJJ</a>— Flowdesk (@flowdesk_co) <a href="https://twitter.com/flowdesk_co/status/1747983746161049671?ref_src=twsrc%5Etfw">January 18, 2024</a>
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According to the <a href="https://www.flowdesk.co/updates/flowdesk-raises-50m-series-b-led-by-cathay-innovation" target="_blank" rel="noreferrer noopener">announcement</a> on the Flowdesk Website, the company also plans to expand regulatory coverage in Singapore and in the US and expand into key financial hubs. 
“This raise highlights the significance of Flowdesk as the emerging industry standard for market-making and over-the-counter (OTC) services, offering sustainable and compliant liquidity solutions for token issuers and institutions,” said Guilhem Chaumont, CEO and Co-Founder of Flowdesk. 
“In a landscape marked by regulatory uncertainties, volatility, and multiple industry-wide setbacks, liquidity has remained scarce. Flowdesk’s full suite of services aims to revolutionize this landscape, offering scalable, risk-adjusted, and capital-efficient solutions,” added Chaumont. 
Flowdesk said last year it experienced threefold growth in revenues from the previous year, which was primarily driven by the growth of the APAC region. 
The company has also been experiencing rapid growth in its recently opened Canada and US offices over the past two months. 
Flowdesk was named a liquidity provider for the Grayscale ETF, adding to its list of associations that also includes a collaboration with Societe-Generale FORGE. 
Commenting on her company’s leading role in the Series B round, Jacky Abitbol, Managing Partner at Cathay Innovation said: “We are proud to champion Flowdesk through our Ledger Cathay fund. We are very excited to support them to further accelerate their growth and international development. Through their innovative SaaS model, Flowdesk has consistently demonstrated impressive performance over the last three years.” 
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The post <a href="https://www.nftgators.com/flowdesk-raises-50m-in-a-series-b-round-led-by-cathay-innovation/">Flowdesk Raises $50M in a Series B Round Led by Cathay Innovation</a> appeared first on <a href="https://www.nftgators.com">NFTgators </a>.

Flowdesk Raises $50M in a Series B Round Led by Cathay Innovation

NFTgators

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