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Wintermute, a leading cryptocurrency trading firm, is in discussions to raise capital through a new funding round. The company plans to sell $100 million in shares and issue additional new shares. The fundraising efforts involve investors including Chinese tech giant Tencent, with the company seeking a valuation of approximately $2 billion. If successful, the deal with Tencent is expected to enhance Wintermute’s expansion into Asia. Wintermute has solidified its position as the largest crypto market maker on Robinhood, particularly after the retreat of several competitors following the FTX collapse. The total transaction size for the funding round is projected to be between $200 million and $300 million. Bloomberg Crypto reports that Wintermute last raised $20 million in a Series B round.
Wintermute is in talks with Chinese internet giant Tencent and others to raise money at a valuation of about $2 billion. The deal with Tencent, if finalized, will boost Wintermute’s expansion into Asia h/t @RyanJamesWeeks for new details https://t.co/FuLzeUeldU https://t.co/z3LKZtlG29
Wintermute is in talks with Chinese internet giant Tencent and others to raise money at a valuation of about $2 billion The deal with Tencent, if finalized, will boost Wintermute’s expansion into Asia h/t @RyanJamesWeeks for new details https://t.co/ak3WB0khnD https://t.co/z3LKZtlG29
Wintermute seeks to raise up to $300M at estimated $2B valuation: - Last raised $20M Series B led by @lightspeedvp, who also led the $2.8M Series A. - Wintermute's venture portfolio has 70+ investments including Monad, M^0, Centrifuge, & others. Check out more @MessariCrypto… https://t.co/dRWMMriLzC https://t.co/O5rGqumtPN