Flowdesk, a well-known market maker in the crypto space, closes an extension funding round by securing additional $52 million. With new funding in a volatile market, is this a start of a new crypto-funding race in 2025?
By Vishal Dixit
Edited by Julia Sakovich
Updated
3 mins read
Flowdesk is a France-based crypto trading agency known for its specialty as a market maker and a liquidity provider in the crypto space. The firm is in the news with its latest successful fundraising extension round of $52 million.
The massive sum drives the total funding amount to $102 million. It is acquired in a mix of equity and debt funding, with an intent to grow its business and services. Out of the total $102 million funding, the majority, or roughly 90%, consists of equity, while the rest of the 10%, or $10.2 million, is a build-up of debt, as said by Flowdesk’s co-founder and global CEO Guilhem Chaumont.
The market maker has acquired funding by HV Capital and a debt facility from BlackRock Managed Funds. HV Capital is a European investor that has led the majority of the equity portion of the funding round.
Furthermore, the French private equity, Eurazeo, Cathay Innovation, and ISAI VC acquired the equity portion for their funding. On the debt side, the majority of the funds came from accounts managed by BlackRock.
On an additional note, HV Capital has managed to acquire a seat on the Flowdesk board in exchange for the recent funding.
The CEO of Flowdesk has clearly emphasized on the recent debt funding as a strategic move to fuel the firm’s scaling attempts and drive the company’s balance sheet in a sustainable way. The CEO added:
“We will do so not only with equity or our own profits. That’s why we chose the path of debt, which is a non-dilutive option for us. This option is available to us given the financial health of the company and our capacity to easily repay the debt.”
Guilhem declined to give clarity on the starting date of the funding process, but the majority of the transactions occurred in 2024. However, he has also clarified that the company was not actively seeking to raise new funds, but it comes as part of a moving-forward wave after receiving strong interest from multiple investors.
In the history of Flowdesk, the company had raised $50 million in Series B round funding in January 2024. This was when the company was valued at $250 million. With the new funding, the series B total funding amount has reached $102 million.
With the increased purchasing power, Flowdesk plans to capitalize on the rising demand for real-world asset tokenization and scale its over-the-counter derivative business. Furthermore, it plans to set up a dedicated crypto-credit desk. As the CEO said:
“We aim to bridge the gap in the market for crypto credit facilities.”
Apart from the crypto desk, the market maker is also planning to focus on proprietary trading infrastructure and compliance. In his latest LinkedIn post, the CEO added:
“We’re building solutions that are transparent, scalable, fast, and competitive, spanning the full spectrum of assets — from majors to meme coins, and eventually tokenized securities.”
With the intent to increase its workforce by 2x in the next year, the company also aims to open an office in the United Arab Emirates. This will mark its fourth office apart from France, Singapore, and the United States.
Finally, on the regulatory front, Flowdesk is actively preparing for the European Union’s Marketing Crypto Assets Framework to cater to the crypto demand in the European markets.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
