Crypto Market Maker Flowdesk Completes $102 million Funding
France-based crypto trading firm Flowdesk has closed a $102 million funding round, with around 90% equity and 10% (around $10.20 million) debt. Flowdesk co-founder and global CEO Guilhem Chaumont said the round will support the company's expansion plans, including the launch of a dedicated crypto credit desk and the opening of an office in the UAE.
European investor HV Capital led the equity portion, with French private equity firms Eurazeo, Cathay Innovation and ISAI VC participating. Debt financing came from BlackRock-managed funds and accounts. As part of the investment, HV Capital took a seat on Flowdesk's board.