Talos brings Robinhood, Sony onto cap table as funding hits $150 million
Institutional crypto infrastructure firm Talos raised an additional $45 million, bringing its total funding to $150 million and valuation to $1.5 billion.Summary
Talos, a firm providing trading, portfolio management, and data infrastructure for digital asset trading by institutions, has extended its Series B funding round by $45 million, reaching a total raise of $150 million and achieving a post-money valuation of approximately $1.5 billion. This extension attracted new strategic investors, including Robinhood Markets and Sony Innovation Fund, alongside existing backers like a16z crypto and Fidelity Investments. Robinhood's investment aligns with its push into blockchain-based market infrastructure, with its crypto head noting Talos deepens liquidity for their business. Talos plans to use the proceeds to expand product development across trading, risk management, treasury, and settlement tools, supporting the migration of traditional assets onto digital infrastructure. This funding follows a period of significant growth for Talos, marked by doubling revenue and client base annually, and several key acquisitions, including Coin Metrics and Cloudwall.
(Source：The Block)