Mudrex provides a platform that simplifies crypto investing by offering investment products modeled on mutual funds and ETFs, with its first product enabling investors to allocate to algorithmic strategies created by professional traders. The company curates these strategies, assigns them risk/reward scores, and presents them in a browseable list for users. Launched in 2018 by IIT Bombay alumni Edul Patel (CEO), Alankar Saxena (CTO), Rohit Goyal (VP, DeFi) and Prince Arora (VP, Engineering), Mudrex is based in Bengaluru and San Francisco. The platform hosts over 25,000 active portfolio managers and has seen more than $1 billion in trading activity. Mudrex reports an AUM of $15 million and plans to use new funding to scale the team and operations, obtain global regulatory compliances, and build additional innovative products. The company previously raised $750k from Y Combinator, Better Capital, Woodstock Fund and angel investors.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2021