Cryptio Expands Series A Funding to $25M
Deal News | Feb 20, 2025 | Cathay Capital
Cryptio, a prominent financial data platform, has successfully extended its Series A funding to $25 million with a $15 million addition led by existing investor Alven and joined by new participants including 1kx and Ledger Cathay Capital. This investment comes on the back of Cryptio's recent launch of the Bedrock data platform, aimed at enhancing accounting and reporting functionalities for crypto enterprises and institutions. Cryptio’s solutions are critical for the integration of regulated crypto products such as stablecoins and crypto-backed loans into the traditional finance ecosystem. The Cryptio platform, already utilized by high-profile clients like Circle, Uniswap Labs, and Gemini, is designed to support comprehensive reporting compliance in line with emerging regulations in the crypto industry. With the addition of Thanos Bismpigiannis as Chief Product Officer, Cryptio aims to drive further product innovations to serve regulated enterprises better and is poised to uphold financial integrity in the global crypto economy.
Sectors
- Cryptocurrency
- Financial Technology (FinTech)
Geography
- United States – The company is engaging with US-based stablecoin issuer Circle, and the expansion involves American regulations and clients.
- European Union – The article references regulatory frameworks like MiCA which affect the platform's operations and client compliance in the EU.
- Dubai – The mention of Dubai's VARA regulations highlights Cryptio's alignment with Middle Eastern markets.
Industry
- Cryptocurrency – The article discusses Cryptio's services which are targeted at enterprises and institutions dealing in cryptocurrency, including integration with regulated financial products like stablecoins and crypto-backed loans.
- Financial Technology (FinTech) – Cryptio provides financial data services that facilitate advanced accounting and reporting functions for crypto enterprises, fitting within the broader FinTech sector.
Financials
- $25 million – The total amount of the extended Series A funding round secured by Cryptio.
- $15 million – The amount added to Cryptio's original Series A funding to reach a total of $25 million.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cryptio | Target Company | Company | A leading financial data platform for crypto enterprises providing accounting and reporting solutions. |
| Cathay Capital | Investor | Company | A private equity firm that participated in Cryptio's Series A funding extension. |
| Alven | Lead Investor | Company | An investment firm leading the $15 million extension of Cryptio's Series A funding. |
| 1kx | Investor | Company | A new investor participating in Cryptio's Series A funding round extension. |
| Ledger Cathay Capital | Investor | Company | A new participant in the extended Series A funding round for Cryptio. |
| Point Nine, Blue Yard, Tim Draper, Charlie Songhurst | Existing Investors | Company | Existing investors who participated in the Series A funding for Cryptio. |
| Antoine Scalia | CEO | Person | Founder and CEO of Cryptio, leading the company’s strategic operations. |
| Thanos Bismpigiannis | Chief Product Officer | Person | Recently appointed CPO tasked with accelerating product development at Cryptio. |
| Christopher Heymann | Founding Partner at 1kx | Person | Commented on the importance of Cryptio’s infrastructure in the crypto financial ecosystem. |
| Bartosz Jakubowski | Partner at Alven | Person | Praised Cryptio’s track record and highlighted the platform's importance in compliance. |