Source: Algo Trader
AlgoTrader AG, a Swiss based software company operating in the global capital markets has announced a late seed round capital raise of CHF 1.4 million with participation from institutional investor NeueCapital Partners, new angel investors and a long-term client of AlgoTrader’s.
The capital raise was led by NeueCapital Partners furthering its interest in high growth market leaders in the fintech industry.
Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, testing, automation and implementation platform for all security types and asset classes globally including Cryptocurrencies. AlgoTrader’s rich functionality and superior modular architecture allows trading professionals to fully automate their trading strategies in a comprehensive, cost efficient platform. Clients report that they are able to save budget and speed up time to market for trading strategies given the nature of AlgoTrader’s comprehensive, end to end solution.
“Since our inception four years ago, AlgoTrader has built one of the most powerful automated quantitative trading platforms in our market space, and we are now excited to get the first funding for our international expansion”, says Andy Flury CEO of AlgoTrader.
“We are seeing a tremendous amount of market interest in our solutions and now is the time to expand our business by investing in marketing & sales, product development and international expansion to support the continuing rapid growth of AlgoTrader.”
“We were impressed by AlgoTrader’s large international customer base, and the high quality and integration level of its automated trading engine”, said Christian Janson Euterneck, Partner at NeueCapital. “We are especially encouraged that small and medium sized funds increasingly are using cost-effective and fully automated third-party technology like AlgoTrader, in their trading operations. We believe this will continue to drive strong growth in this market.”