Elwood Technologies has raised $70 million in funding

The cryptocurrency trading platform Elwood Technologies, founded by billionaire British hedge fund investor Alan Howard, has raised $70 Million in funding. 

The round was co-led by B2B investor Dawn Capital and Goldman Sachs, with participation from Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, Digital Currency Group, Flow Traders, and Galaxy Digital Ventures. 

The six-year-old company was valued at over $500 Million by the present financing.

Aimed to meet the needs of institutions seeking exposure to digital assets, the British digital asset platform’s end-to-end platform provides low-latency connectivity to global crypto exchanges and deep liquidity via one single API.

James Stickland, CEO, Elwood Technologies, said: “The rich mix of investors participating in this raise reaffirms the movement of financial institutions working closely with their native digital asset technology providers. We are aiming to expand mass market participation in digital assets and crypto. We look forward to working with our investors to further enhance our offerings and broaden their market adoption.”

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