Key Details
- Theo, a startup focused on trading infrastructure, has secured $20 million in funding.
- The funding was primarily led by Hack VC and Anthos Capital, along with support from investors with a background in traditional trading.
- Theo allows retail users to deposit their assets in vaults employing advanced trading strategies, which are typically utilized by institutional traders.
Crypto trading startup, Theo, has announced the completion of a $20 million funding round co-led by Hack VC and Anthos Capital. The investment was supplemented by participation from various crypto-native firms and individual investors associated with established trading companies like Citadel, Jane Street, and JPMorgan.
Theo is working on a platform that enables retail investors to deposit digital assets into vaults tailored to specific trading strategies. These vaults will give users access to sophisticated trading techniques like arbitrage, hedging, and cross-chain optimization, usually accessible by larger financial institutions.
The platform utilizes a proprietary validator network that streamlines trades across centralized and decentralized exchanges and ensures margin compliance and adequate collateralization.
The company was founded by former traders from Optiver and IMC, namely Abhi Pingle, Arijit Pingle, and TK Kwon. As Abhi Pingle remarked, “The crypto market landscape is often disjointed and inefficient, which hinders both institutional and everyday investors from maximizing the potential of global finance.”
According to the press announcement, trading entities can leverage Theo’s infrastructure to enhance capital efficiency by interacting with user funds, which ultimately can lead to increased returns while effectively managing risk.
