Startup Solidus Labs, which specializes in monitoring market manipulations in the crypto industry, has closed a $45 million Series B funding round.
In case you haven’t yet read our feed, yesterday, we announced our $45M Series B funding round. CEO @AsafMeir and @giancarloMKTS shared the news in an exclusive with @Forbes Crypto’ @ninabambysheva: https://t.co/pAYGYZXQwc pic.twitter.com/NlEWydQAOi
— Solidus Labs (@Solidus_Labs) May 13, 2022
The round was led by Liberty City Ventures with the participation of Evolution Equity Partners, Declaration Partners, ex-head OSS Brian Brooks and former chairman CFTC Christopher Giancarlo.
The funds raised will be used to increase the number of financial partners and new research and development. Since the beginning of 2021, the startup team has quadrupled.
Former Goldman Sachs bankers founded Solidus Labs in 2018. They believe that the lack of proper controls and risk mitigation tools are the main barriers to the mass adoption of cryptocurrencies.
Recall that in November 2021, Solidus Labs attracted $15 million in strategic investments.
In May of that year, the startup closed a $20 million Series A funding round backed by FTX, NYDIG and others.
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