Talos Becomes the Latest Crypto Unicorn Valued at $1.3B

Institutional digital asset trading infrastructure Talos has become the latest crypto company to hit unicorn status, reaching a $1.25 billion valuation following a Series B funding round. Talos Raises $105M in Series B Funding According to an official release, Talos has raised $105 million in Series B funding round that included investments from U.S. financial services giants Citigroup (C), Wells Fargo (WFC) and BNY Mellon (BK). Previous investors from the firm’s $40 million Series A round also participated including Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments. Other new investors include Stripes, DRW, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners. The round brings Talos’s total valuation to $1.25 billion. The funding will help Talos extend its institutional-grade digital asset platform as well as accelerate the firm’s expansion into the Asia-Pacific region and Europe. We are humbled and excited to announce the completion of our Series B funding round with some of the industry’s most innovative investors. https://t.co/wYn4uboo2l pic.twitter.com/3wFdFGQbih — Talos (@talostrading) May 10, 2022 Client Base Spans the Entire Crypto Ecosystem Founded in 2018, Talos is an institutional-grade infrastructure technology provider in the cryptocurrency industry, offering services for trading, settlement and others....