Elwood Technologies, founded by British hedge fund billionaire Alan Howard, offers a platform aimed at giving institutional clients access to cryptocurrency markets and liquidity venues. The company is led by CEO James Stickland. Its platform targets institutional demand for crypto and aggregates connectivity to liquidity venues. Elwood plans to use new capital to meet increased institutional client demand and to expand its products and global operations. The round values the firm at about $500 million, according to people familiar with the terms. The investor mix includes both traditional financial institutions and digital-asset technology providers, which company leadership says underscores institutional interest in crypto.

Total raised

$70M

Funding rounds

1

Latest round

Series A

Latest activity

May 2022