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According to Deep Tide TechFlow news on April 24, as reported by Fortune, the decentralized trading platform Theo has completed a total of $20 million in financing. This round of financing consists of two parts: a $4.5 million seed round led by quantitative investment firm Manifold Trading completed in March 2024, and a recent $15.5 million financing led by crypto assets investment institutions Hack VC and Anthos Capital.
Theo was founded by three former employees from high-frequency trading firms Optiver and IMC Trading. The platform allows ordinary investors to use trading strategies that are typically reserved for top high-frequency trading companies.