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Elwood Technologies gets USD 70mln investment

Thursday 19 May 2022 09:27 CET | News

UK-based Elwood Technologies, a crypto-focused platform, has closed a USD 70 million Series A co-led by Goldman Sachs and early-stage venture fund Dawn Capital.

Other investors from both traditional and crypto backgrounds include Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders, and Galaxy Digital Ventures. The round values the firm at about USD 500 million.

Elwood’s platform aims to provide institutional-level access to cryptocurrency markets and liquidity venues. The capital will be used toward increased demand from institutional clients and expanding its products and global operations, it said.


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Keywords: funding, crypto, cryptocurrency exchange, product launch, startup
Categories: DeFi & Crypto & Web3
Companies: Dawn Capital, Elwood Technologies, Goldman Sachs
Countries: United Kingdom
This article is part of category

DeFi & Crypto & Web3

Dawn Capital

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Elwood Technologies

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Goldman Sachs

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