Robinhood Invests in Talos, Valuing Crypto Firm at $1.5 Billion
- Robinhood is participating in an extended Series B funding round for Talos, raising the company’s valuation to approximately $1.5 billion.
- Talos has now raised a total of $150 million in its Series B, with the initial round securing $105 million in May.
- New investors include Robinhood Markets and Sony Innovation Fund, joining returning backers like a16z crypto and Fidelity Investments.
- Talos serves hundreds of clients across about 35 countries, with traditional finance firms representing up to 70% of new customers.
- The firm recently acquired Coin Metrics for over $100 million to enhance its analytics and market data offerings.
This investment reflects Robinhood’s strategy to expand its blockchain infrastructure and crypto services, including tokenized stock trading and staking options. Talos’s platform provides essential trading technology for institutional investors, enhancing liquidity and trade execution capabilities.
With this funding extension, Talos’s total raised capital reaches $150 million, underscoring its growing role in the digital asset space as it continues to attract significant institutional interest.(Source)
