Today London-based Elwood Technologies announced it raised a $70 million Series A funding round co-led by Dawn Capital and Goldman Sachs. The startup was founded by Alan Howard, the former CEO of Brevan Howard, and provides a platform for institutional digital asset access, including order management, execution, and portfolio management.
Other investors in the round included Barclays, CommerzVentures, Galaxy Digital Ventures, BlockFi Ventures, Chimera Ventures, Digital Currency Group and Flow Traders.
“As institutional demand for cryptocurrency rises, we have been actively broadening our market presence and capabilities to cater for client demand. Our investment in Elwood demonstrates our continued commitment to digital assets and we look forward to partnering to expand our capabilities,” said Mathew McDermott, Global Head of Digital Assets at Goldman Sachs.
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