Robinhood (HOOD) is investing in crypto trading platform Talos at $1.5 billion valuation
Robinhood (HOOD) is investing in Talos, an institutional trading technology provider for digital assets, in an extended Series B funding round that values the New York-based company at around $1.5 billion.
Talos originally raised $105 million in a Series B funding round in May 2022, valuing the firm at $1.25 billion. The new extension brings the firm’s total amount raised in its Series B to $150 million, the company said in a press release on Thursday.
“We extended our series B round to accommodate interest from strategic partners who recognize Talos’s role in providing core institutional infrastructure for digital assets. At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be…
