Talos, a provider of institutional digital asset infrastructure, has announced a $45 million Series B extension, including new strategic investors Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, alongside returning investors a16z crypto, BNY and Fidelity Investments. The fundraising round brings the company’s total amount raised in its Series B to $150 million. The post-money valuation will reach approximately $1.5 billion.
Anton Katz, CEO and co-founder of Talos, said they extended the Series B round to accommodate interest from strategic partners:
“At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth. Together, we’re building the foundation for the next generation of financial markets.”
A portion of the investment was settled using stablecoins, reflecting the growing use of blockchain-based payment rails in institutional transactions. Proceeds from the Series B extension will be used to expand product development across the Talos platform, from portfolio construction and risk management, to execution, treasury and settlement tools. In particular, Talos plans to expand its platform to support traditional asset classes as they migrate to become digital assets.
The fundraiser follows a period of significant momentum for Talos, during which the company has roughly doubled revenue and client count each year over the past 2 years. Talos announced the launch of its RFQ platform with BlackRock’s traders on the Aladdin platform, as well as the acquisitions of four best-in-class digital asset firms: Coin Metrics, Cloudwall, Skolem, and D3X Systems, enhancing the company’s capabilities across data, risk management, DeFi infrastructure, and portfolio engineering.