Tagomi, Crypto Trading Platform Raises $12 Million in Funding Round
Tagomi Holdings, a New York-based cryptocurrency brokerage and trading platform raised $12 million in its latest funding round from investors including the Yale-backed Paradigm Fund.
Tagomi now with a total funding of $28 million after its launch in December 2018, added Pantera Capital to its rake of investors.
Testboo is reporting that the company offers Bitcoin (BTC), Ether (ETH) and other altcoin trading, along with products geared to institutional investors, like a portfolio management interface and API for programmatic trading.
Greg Tusar, co-CEO of Tagomi said: “We are excited to partner with investors who have experienced first-hand, the frustrations around the lack of infrastructure, and work toward our shared vision of building next generation robust trading technology, so that clients can focus solely on developing their strategies,”
The platform got support from PayPal co-founder Peter Thiel and is now aiming to ease market entry and exit for increasing numbers of investors.
Speaking to Bloomberg in an interview on Monday, Tusar said:
“I think one of the challenges for institutions has been you have to assemble all of the pieces yourself.”