Architect Announces $5M Funding Round To Develop Trading Infrastructure For Global Digital Asset Markets
Jan 20, 2023•almost 3 years ago
Amount Raised
$5 Million
Investors
Anthony ScaramucciShari GlazerMotivate Venture CapitalThird Kind Venture CapitalP2 PSalt FundSv AngelCoinbase VenturesCircle Ventures
Description
Architect Financial Technologies Inc. ("Architect") today announced the closing of a $5M pre-product financing round to develop adaptable infrastructure products that enable institutions to trade across centralized and decentralized digital asset markets. Participants in the round include Circle Ventures, Coinbase Ventures, SV Angel, SALT Fund, P2P, Third Kind Venture Capital, and Motivate Venture Capital, along with investors Shari Glazer and Anthony Scaramucci.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers