AlgoTrader completes Series A round


The Zurich based fintech startup AlgoTrader, offering a digital asset quantitative trading platform has raised CHF 3.7 million in a Series A round to fund its growth and expansion. An undisclosed global Tier 1 bank led the round with contribution from Investiere, BlockChain Valley Ventures and NeueCapital.


AlgoTrader is a platform services provider offering an institutional-grade quantitative trading and trade execution solution for conducting quantitative research, trading strategy development, strategy backtesting and automated trading for both traditional finance and crypto finance. AlgoTrader provides everything a buy-side or sell-side firm requires to run its quantitative trading and trade execution operations. It was the very first and most advanced quantitative trading and trade execution software to allow automated trading of Bitcoin and other digital assets. The startup operates globally and has offices in Zurich, Singapore and New York. The company has today announced the receipt of new funds totalling CHF 3.7 million to fund its growth and strengthen the financial hub and the digital asset ecosystem of both Switzerland and other countries together with its network of partners. The lead investor remains undisclosed. Further participants in the round include Investiere, BlockChain Valley Ventures and NeueCapital. "We are excited about the trust of our investors to receive this new round of capital and build upon our leadership in five key areas: vision, product, customer support, partnerships with a team of industry experts”, says Andy Flury, CEO and Chairman of the Board of Directors of AlgoTrader. A new Board member from MicrosoftIn line with the investment round, AlgoTrader appointed Roger Altorfer to the Board of Directors of AlgoTrader AG. Altorfer is member of the Executive Committee of Microsoft Switzerland and is leading the Customer Success Organisation. Roger now completes the Board of Directors. “It is an honour for me to join the AlgoTrader Board and be part of such a dynamic and fast-growing company. My twenty years of management and sales experience in an agile environment perfectly complements the skills of the AlgoTrader team.”, says Altorfer. (Press release/RAN)