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Encryption startup Theo completes $20 million in funding, focusing on high-frequency trading strategies.
Gate.io News bot message, “Fortune” reported that the crypto startup Theo has completed a $20 million financing. This financing was conducted in two rounds: in March 2024, the quantitative investment firm Manifold Trading led a $4.5 million seed round; subsequently, the crypto assets investment firms Hack VC and Anthos Capital led a $15.5 million round.
Theo was co-founded by former Optiver and IMC Trading employees Abhi Pingle, Arijit Pingle, and TK Kwon. The company is dedicated to developing high-frequency trading (HFT) strategies for ordinary investors.