Skolem Technologies Raised $20M in Series-A Funding

Skolem Technologies, NYC-based institutional-grade asset management and execution services provider that enables investors to access the DeFi markets in a safe way, raised $20m in Series A funding.

Galaxy Digital led the round with participation from Fenwick and West Ventures, Jump Crypto Ventures and Dragonfly Capital.

The company intends to use the funds to build out its team and scale the platform’s technological capabilities.

Skolem was founded in 2020 by JP Smith (formerly of Trail of Bits), and it is a full-stack DeFi platform. It allows institutions to directly participate in DeFi markets without increasing technical headcount or portfolio risk. Skolem’s infrastructure and interface layer provides clients with reliable execution, an easy-to-use web UI and API, and full trade lifecycle support.

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