Strix Leviathan raises $1.625M for its enterprise crypto buying and selling platform – TechCrunch

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Seattle-based Strix Leviathan, an enterprise buying and selling and administration platform for crypto belongings based by startup vet Jesse Proudman, as we speak introduced that it has raised a $1.625 million seed spherical led by Joe Montana’s Liquid 2 Ventures (sure, that Joe Montana). Different buyers embrace Founders’ Co-op, FuturePerfect Ventures and 9Mile Labs, in addition to angel buyers like Chris McCoy, Doug Baldwin Jr., Kirby Winfield and Steve Corridor.

Previous to founding Strix Leviathan, Proudman was the founder and CEO of Blue Field, a cloud computing startup that was acquired by IBM in 2015. With this new startup, Proudman’s transferring right into a considerably totally different house, however as he informed me when the corporate first launched, he believes the state of crypto is just like the state of the Web when he launched his first startup in 1997.

Given his expertise within the enterprise world, it’s perhaps no shock that Proudman opted to take an enterprise method to crypto, too. “Many Institutional investors have struggled to figure out the best path of entry into cryptocurrency markets due to the inherent complexities of the space,” he mentioned. “We’re squarely focused on solving trading and management of cryptocurrencies for these institutions and enterprises. Considering the thousands of individual trading pairs, the plethora of exchanges and the immaturity of cryptocurrency markets, these investors desperately need a platform to simplify their trading initiatives. The markets are ready for an offering like ours and we’re excited to bring it to them.”

To do that, the Strix Leviathan group is constructing three core options: a knowledge ingestion engine for pulling in related knowledge throughout quite a lot of sources, algorithmic buying and selling methods based mostly on this knowledge that others can license, and an order gateway that permits the service to execute trades throughout most of the in style crypto exchanges.

“I’ve seen the birth of PCs, the internet and mobile,” mentioned Liquid 2 Ventures’ Joe Montana in a press release as we speak. “It’s early, but I think crypto may be the next revolution. Unfortunately, it’s also full of scams. Right now the key is to find the right team that is doing something new and to trust them. We’ve known Jesse for years. He’s proven himself to be trustworthy and adaptive in fast paced markets. Strix should be huge.”



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Désiré LeSage

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