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Lucy Labs Raises $3 Million From Deepwork Capital, Cogent Bancorp, Inc. And Other Strategic Investors

Dec 16, 2021over 3 years ago

Amount Raised

$3 Million

Round Type

seed

Description

Lucy Labs, a multi-strategy cryptocurrency asset management firm focused on developing and applying quantitative and fundamental trading strategies, has raised a total of $3 million to expand the firm's infrastructure, hire additional investment professionals and incubate additional trading strategies.

Company Information

Company

Lucy Labs

About

Lucy Labs is a multi-strategy cryptocurrency asset management firm focused on developing and applying quantitative and fundamental trading strategies in major spot, lending, and futures cryptocurrency markets. The firm manages a range of quantitative strategies exploiting momentum and carry factors, targeting moderate to aggressive returns while maintaining rigorous risk management and strategy-specific structures to reduce the volatility inherent in the cryptocurrency markets. Founded in 2017 as proprietary trading firm, the firm has achieved significant trading profitability in each year of operation. For additional information, please see www.lucylabs.io.