Tech Company Financing Transactions
Taurus Funding Round
Credit Suisse, Arab Bank and Cedar Mundi Ventures participated in a $65 million Series B venture round for Taurus. The round closed on 2/14/2023.
Transaction Overview
Company Name
Announced On
2/14/2023
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to: (1) hire engineering talent to further develop the platform; (2) get closer to clients and expand the sales and customer success organization of its infrastructure solutions with new offices Europe, UAE and soon after in the Americas and South-East Asia, and (3) maintain stringent security, risk and compliance requirements across product lines, processes and organizations.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
11 rue d'Italie
Geneva, 1204
CH
Geneva, 1204
CH
Phone
Website
Email Address
Overview
We believe that distributed ledger technologies/blockchain will increasingly and positively impact our economy, starting with capital markets whose infrastructure has been designed decades ago. That is why we decided to create Taurus in 2018 with the vision to build one of the first regulated digital asset exchange. Back then, the available infrastructure was not meeting our needs nor those of institutional players such as stock exchanges, banks, asset managers. So, we took a big breath and decided to start building it from the ground up. Now that we have done it, we are improving it and are building financial services layers to fulfil our vision.
Management Team
Title
Name
Email & Social
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