Fenwick represented Talos, a premier provider of institutional digital asset trading technology, in its $105 million Series B funding round that values the company at $1.25 billion. The round was led by General Atlantic with participation from new investors Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners. Existing investors Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital, and Notation Capital also participated.
Talos will use the new funding to scale and diversify the firm's industry-leading institutional-grade digital asset platform and to accelerate its expansion into APAC and Europe. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Allison Cooper and included associates James Clarkin-Breslin and Anja Kong and paralegal Andrew Ancheta.