Strix Leviathan raises $1.625M for its enterprise crypto buying and selling platform • TechCrunch

Seattle-based Strix Leviathan, an enterprise buying and selling and administration platform for crypto property based by startup vet Jesse Proudman, at this time introduced that it has raised a $1.625 million seed spherical led by Joe Montana’s Liquid 2 Ventures (sure, that Joe Montana). Different buyers embrace Founders’ Co-op, FuturePerfect Ventures and 9Mile Labs, in addition to angel buyers like Chris McCoy, Doug Baldwin Jr., Kirby Winfield and Steve Corridor.

Previous to founding Strix Leviathan, Proudman was the founder and CEO of Blue Field, a cloud computing startup that was acquired by IBM in 2015. With this new startup, Proudman’s transferring right into a considerably totally different area, however as he instructed me when the company first launched, he believes the state of crypto is just like the state of the Web when he launched his first startup in 1997.

Given his expertise within the enterprise world, it’s possibly no shock that Proudman opted to take an enterprise method to crypto, too. “Many Institutional buyers have struggled to determine one of the best path of entry into cryptocurrency markets as a result of inherent complexities of the area,” he mentioned. “We’re squarely targeted on fixing buying and selling and administration of cryptocurrencies for these establishments and enterprises. Contemplating the hundreds of particular person buying and selling pairs, the plethora of exchanges and the immaturity of cryptocurrency markets, these buyers desperately want a platform to simplify their buying and selling initiatives. The markets are prepared for an providing like ours and we’re excited to deliver it to them.”

To do that, the Strix Leviathan group is constructing three core options: a knowledge ingestion engine for pulling in related knowledge throughout a wide range of sources, algorithmic buying and selling methods primarily based on this knowledge that others can license, and an order gateway that permits the service to execute trades throughout most of the well-liked crypto exchanges.

“I’ve seen the beginning of PCs, the web and cell,” mentioned Liquid 2 Ventures’ Joe Montana in a press release at this time. “It’s early, however I feel crypto could be the subsequent revolution. Sadly, it’s additionally filled with scams. Proper now the secret is to seek out the best group that’s doing one thing new and to belief them. We’ve identified Jesse for years. He’s confirmed himself to be reliable and adaptive in quick paced markets. Strix ought to be big.”

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