Hidden Road plans to raise $120 million at $1 billion valuation
Golden Finance reported that cryptocurrency broker Hidden Road Partners is raising Series B equity financing, which will bring its valuation to about US$1 billion. This round of financing is currently expected to raise approximately US$120 million. The prime brokerage firm was founded in 2018 by Marc Asch, who previously worked at hedge fund billionaire Steven Cohen's companies SAC Capital and Point72 Asset Management. Hidden Road closed $50 million in financing in 2022. Hidden Road provides prime brokerage services for a variety of markets, including foreign exchange, precious metals and digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meme Token Liquidated Nearly 500 Times, Profits Over $12.5 Million in 3 Days
Centralizing resources to bet on AI, Apple eliminates more than 200 positions related to Siri and Vision Pro
Apple has cut approximately 100 positions related to Vision Pro and around 100 positions in Siri and software engineering. On the Vision Pro front, the gaming team was nearly disbanded and the immersive video department was downsized, as the high production costs and limited user base made it unsustainable. Regarding Siri, the layoffs are due to a complete overhaul of the technical architecture, with the new Siri being rebuilt from the ground up, leading to a restructuring of personnel.
Ambipar schedules creditor vote on restructuring plan for Aug. 25 in Brazil court process
Crypto prices
More
