Quick take:
Theo, a crypto trading platform focused on providing enterprise-grade crypto custody and infrastructure has raised $15.5 million in a funding round co-led by Hack VC and Anthos Capital.
The fundraising also attracted participation from Manifold Trading, Mirana Ventures, Metalayer Ventures, Flowdesk, SCB, MEXC, Amber Group and Selini Capital, with angel investors from Citadel, Jane Street, JPMorgan and other traditional finance trading firms also joining.
The latest funding brings the total raised to $20 million, following a $4.5 million raised last year.
Theo operates a low-latency validator set that ensures safe custody for users and rule-based access for institutional clients including market makers and trading firms. The company plans to use the fresh capital to bolster its validator structure, facilitate more integrations with crypto-native and traditional finance platforms and grow its user base.
According to the announcement, some of the capital will also be directed towards augmenting Theo’s regulatory compliance and institutional onboarding efforts.
“Today’s crypto markets are fragmented and inefficient, preventing institutions and everyday users alike from accessing the full promise of global, permissionless finance,” Abhi Pingle, co-founder of Theo, said in a press release. “Theo solves this by delivering robust, scalable infrastructure that seamlessly connects large traditional players and retail participants on-chain—unlocking new levels of capital efficiency.”
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