LONDON, May 16, 2022 /PRNewswire/ -- Elwood Technologies
("Elwood'' or "the Company"), a platform providing
institutional-grade access to digital asset markets and liquidity
venues, today announced it has closed a $70
million Series A funding round. The round was co-led by
Europe's largest B2B investor Dawn
Capital and global investment bank, Goldman Sachs. There was
additional participation from prominent investors in both the
traditional finance and digital asset
industries, including Barclays, BlockFi Ventures, Chimera
Ventures, CommerzVentures, Digital Currency Group, Flow
Traders and Galaxy Digital Ventures.
This landmark collaboration between crypto-native funds and
long-established financial institutions highlights
the broadening convergence between traditional finance
and digital assets, as well as a heightened appetite from
institutional investors in the cryptocurrency ecosystem. Elwood
will deploy the funds to meet the needs of its rising
number of institutional clients by expanding both the Company's
breadth of product offerings and its global operations.
James Stickland, CEO of Elwood
Technologies, commented on today's news: "Elwood was established to
meet the needs of institutions seeking to secure exposure to
digital assets by providing a robust and transparent platform which
delivers the highest standards expected in traditional finance. We
have entered a new chapter in Elwood's journey and continue to
expand our capabilities, enabling our institutional clients to
provide their users with improved access to digital assets. The
rich mix of investors participating in this raise reaffirms the
movement of financial institutions working closely with their
native digital asset technology providers. Together, we aim to
provide broader mass market involvement in digital assets and
cryptocurrency. We look forward to working with our investors to
further enhance our offerings and broaden their market
adoption."
Designed to simplify entry to digital assets for institutional
investors, Elwood's full-stack solution provides seamless execution
and deep liquidity; diverse market connectivity; full reporting and
analytics; dedicated customer support; and access to a broad range
of instruments. Elwood's infrastructure has been perfected over
three years and is already being utilised by leading fintechs,
asset managers, and FI clients.
General Partner of Dawn Capital, Josh
Bell, said, "At Dawn, we continue to seek out first-class
infrastructure that will continue to support the rapid evolution of
the digital asset market. Our investment in Elwood was a natural
fit, given the business's cutting-edge technology, experienced team
and significant market opportunity. Now is an important moment in
Elwood's evolution as its technology moves to the mainstream, and
we look forward to supporting them to unlock access to the digital
asset market for institutions everywhere."
Mathew McDermott, Global Head of
Digital Assets at Goldman Sachs, commented, "As institutional
demand for cryptocurrency rises, we have been actively broadening
our market presence and capabilities to cater for client demand.
Our investment in Elwood demonstrates our continued commitment to
digital assets and we look forward to partnering to expand our
capabilities."
About Elwood
Technologies
Elwood Technologies is an established global fintech building
institutional-grade digital assets trading infrastructure. Its
seamless end-to-end OMS/EMS/PMS platform provides low-latency
connectivity to global crypto exchanges and deep liquidity via one
single API. Built by industry experts with decades of combined
experience in alternative investment management, Elwood
Technologies provides market infrastructure at scale, enabling
financial institutions, neobanks, and corporations to access the
digital assets market quickly and efficiently.
For further information, visit: www.elwood.io
Media Contact
Jay A.
Morakis
M Group Strategic Communications (on behalf of Elwood
Technologies)
646.859.5951
press@elwood.io
Logo -
https://mma.prnewswire.com/media/1794683/Elwood_Technologies_Logo.jpg