Talos Closes $105 Million Series B Funding Round at $1.25 Billion Valuation with a16z and Others

Talos, an institutional-grade digital asset trading platform, closed a $105 million Series B round of funding at a $1.25 billion valuation led by GeneralAtlantic, with participation from a16z, Citigroup, Bank of New York Mellon and others. Talos aims to provide institutional-grade infrastructure for digital asset trading with services including price discovery, automated execution, reporting, clearing and settlement. Previously, Talos closed a $40 million Series A round in May 2021, led by a16z, with participation from PayPal Ventures and Fidelity Investments.