Participated · Series B · Nov 2024

Wyden builds institutional infrastructure that covers the full digital asset trade lifecycle, supporting front-, middle- and back-office functions and full trade lifecycle automation. The platform integrates with custody, core banking and portfolio management systems. Current clients include banks and brokers such as Banque Delubac, Smartbroker+, Baader Bank, Luzerner Kantonalbank and InCore Bank, and the company is in active discussions with potential Tier 1 and Tier 2 banks and brokers pursuing CASP licenses. Wyden recently launched Wyden Infinity, a cloud-native flagship product to support full automation of the digital asset trade lifecycle. The company plans to expand beyond Europe into regulated markets including the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil. Wyden aims to onboard up to 20 additional banks, brokers and exchanges in 2025 and grow its team to about 100 professionals to accelerate product development and global sales. AlgoTrader offers a modular digital asset trading platform that orchestrates the entire trade lifecycle, from pre-trade risk checks and order generation to automated settlement and custody reconciliation. Its platform supports direct market access, custody and core banking integration, and full trade lifecycle automation, targeting banks, prime brokers, OTC desks, market makers and crypto funds. The company emphasizes a modular approach that differentiates it from pure OEMS providers. AlgoTrader reported a record growth in 2021, including an ARR increase of 200% in Q4 alone. The firm has raised $11.1 million in total to date and will use new capital to further roll out its platform globally and to drive platform and team development. Management has stated the round also positions the company to pursue an upcoming Series B. AlgoTrader operates two business lines serving traditional finance and crypto finance through a single, fully integrated algorithmic platform. The platform handles the buying and selling of both traditional and digital assets and allows users to fully automate trading from strategy to execution. Founded in 2014 by Andy Flury, the company is Zurich-based. Leadership says AlgoTrader has built one of the world’s most powerful quantitative trading and trade execution platforms and will use new funding to develop its own technology. With the new capital the firm aims to strengthen Switzerland’s financial leadership and the domestic digital-asset ecosystem. The company expects pending Swiss legislation on crypto securities could act as a springboard for growth. AlgoTrader provides a fully integrated, event-driven algorithmic trading platform written in Java that enables buy-side and sell-side firms to develop, simulate, automate and deploy quantitative trading strategies. The platform supports any instrument type and market and was initially designed for equities, futures, forex and options. AlgoTrader now fully supports automated and algorithmic trading in cryptocurrencies. The product is available on-premise or in the cloud and is designed to give users control over their trading experience for consistent results. The company intends to use the proceeds of its recent financing to continue to expand its business reach. AlgoTrader was founded in 2014 by Andy Flury.

Participated · Seed · Feb 2022

CollectID develops product-authentication technology that combines encrypted, smartphone-ready NFC tags with secure, immutable NFTs on blockchain to create a digital twin of physical products. The system enables brands and consumers to verify authenticity with a few taps and, according to the article, guarantees a product’s authenticity 100%. CollectID has been adopted by sports clubs and brands, including a contract with Brazil’s Atlético Mineiro to authenticate over 120,000 football jerseys, plus deployments with SCL Tigers, FC Zurich, FC St. Gallen, Young Boys x Sneakerness, ZSC Lions and clients such as vinID, Sneakerness.Market, Ruirosa and Sonra. The St. Gallen-based startup plans to use new capital to accelerate growth in Europe and North America and to expand its presence. CollectID has also signed a long-term agreement with Atlético Mineiro to allow fans to verify and register jerseys in their names and use the garments as a communication channel. The company says it aims to become a leader in linking physical products with the digital world and bringing them into the metaverse.