AlgoTrader’s post seed round capital raise is led by NeueCapital Partners, a Silicon Valley venture capital fund focused on software technology.
Zurich – AlgoTrader AG, a leading Swiss based software services provider for next-generation fully-integrated and automated algorithmic trading platforms has completed a new round of financing.
The post seed stage round with an amount of CHF 1.4 million was provided by NeueCapital Partners, angel investors, and a long-term customer of AlgoTrader’s. NeueCapital led the round furthering its interest in high growth software technology companies in the fintech space. The financing was accompanied by the original seed investors who also participated in this round.
Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, testing, automation and implementation platform for all security types and asset classes globally including Cryptocurrencies. AlgoTrader’s rich functionality and superior modular architecture allows trading professionals to fully automate their trading strategies in a comprehensive, cost efficient platform. Clients report that they are able to save budget and speed up time to market for deploying trading strategies given the nature of AlgoTrader’s comprehensive, end to end solution.
“Since our inception four years ago, AlgoTrader has built one of the most powerful automated quantitative trading platforms in our market space, and we are now excited to get the first funding for our international expansion”, says Andy Flury CEO of AlgoTrader. “We are seeing a tremendous amount of market interest in our solutions and now is the time to expand our business by investing in marketing & sales, product development and international expansion to support the continuing rapid growth of AlgoTrader.”
“We were impressed by AlgoTrader’s large international customer base, and the high quality and integration level of its automated trading engine”, said Christian Janson Euterneck, Partner at NeueCapital. “We are especially encouraged that small and medium sized funds increasingly are using cost-effective and fully automated third-party technology like AlgoTrader, in their trading operations. We believe this will continue to drive strong growth in this market.”
AlgoTrader believes that it is well positioned to benefit from the continued move towards automated and algorithmic trading across all asset classes.
AlgoTrader is the global leader in institutional trading technology for digital assets that covers the entire trade lifecycle from pre-trade risk checks to order generation, automated settlement and custody reconciliation – offering best-in-class infrastructure for financial institutions. By supporting direct market access, seamless custody and core banking integration as well as full trade lifecycle automation, the AlgoTrader platform streamlines digital assets trading. Developed by a team of trading system veterans and crypto asset experts, AlgoTrader offers integrated infrastructure solutions that meet the highest institutional needs. To learn more, visit www.algotrader.com.
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