Reading
Flowdesk is on the verge of completing a (major) Series B

Flowdesk is on the verge of completing a (major) Series B

Under the radar since its launch in 2020, the French market maker is expected to raise around €40 million on a valuation of several hundred million euros.

It's not all wrapped up yet, but Flowdesk could soon be popping the champagne. According to our information, the French market maker is in the home stretch to complete a Series B fundraising round of several tens of millions of euros.

The amount would be around €40 million on a valuation of several hundred million euros. When contacted, Flowdesk declined to comment.

This Series B, which is expected to close in the coming weeks, comes just over a year after Series A, during which the French nugget had already raised €30 million on a valuation of just under €100 million. "It's one of Europe's most buoyant companies", says one investor.

Several investment funds such as Eurazeo and business angels such as Nicolas Julia (Sorare) or Pascal Gauthier (Ledger) had participated in Series A in 2022. Also according to our information, this new round of financing, in which the current shareholders will participate, is being led by a large European Web3 fund.

Created in 2020, Flowdesk enables Web3 funds and companies to find liquidity on the markets, i.e. to buy or sell large quantities of cryptocurrencies quickly. Thanks to its solution, which connects more than 60 trading platforms, the start-up has quickly made a name for itself alongside industry leaders such as GSR or Wintermute.

Alongside this, Flowdesk, which since 2021 has had a registration as a digital asset service provider (PSAN) issued by the Autorité des marchés financiers (AMF), has developed other services such as asset custody or cash management. 💰

The company, which has nearly 100 employees, does not intend to limit itself to the crypto market: it also plans to eventually include trading in tokens recognised as traditional financial securities (the famous "securities"), a requalification that looms over many crypto projects in the United States and elsewhere in the world.

Under the radar, Flowdesk, which has a presence in Europe, Singapore and the United States, has enjoyed a fairly impressive trajectory. In the last twelve months alone, the company run by Guilhem Chaumont has seen its revenues increase fivefold! And it has every intention of using potential new money to keep up the momentum.

Everything that matters in Web3. Each week.
25€/month
12.5€/month
This offer is available until the 30.04.2024. Try insider for free, for 30 days.
Subscribe
All that matters in crypto.
Deciphering, insights, Data. Access the best of the ecosystem.
Subscribre
In this article
No items found.
Read next
No items found.
In this category