ZURICH, SWITZERLAND 26 February 2018 – AlgoTrader AG, a leading Swiss based software services provider for fully-integrated, next-generation algorithmic trading platforms has completed a new round of financing.
The late seed round with an amount of CHF 1.4 million was provided by NeueCapital Partners, angel investors, and a long-term customer of the company. NeueCapital led the round furthering its interest in high growth software technology companies in the fintech space. The financing was accompanied by the original seed investors who also participated in this round.
“Over the past years, AlgoTrader has built one of the most powerful automated quantitative trading platforms in the market space, and we are now excited to get the first funding for our initial international expansion”, says Andy Flury CEO of AlgoTrader
“We have a tremendous amount of market interest in our solutions and now is the time to expand our business with investments in Marketing & Sales, and the international expansion to support the continuing rapid growth of AlgoTrader.”
Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, testing and deployment platform for all security types and asset classes globally, including Cryptocurrencies. AlgoTrader’s rich functionality and superior modular architecture allows trading professionals to fully automate their trading strategies in a comprehensive, cost efficient platform.
“We were impressed by AlgoTrader’s large international customer base, and the high quality and integration level of its automated trading engine, says Christian Janson Euterneck, Partner at NeueCapital, and newly appointed board member of the company. “We are especially encouraged that small and medium sized funds increasingly are using cost-effective, and fully automated third-party technology, like AlgoTrader, in their trading operations. We believe this will continue to drive strong growth in this market.”
The company plans its further international expansion, and set-up of a US subsidiary in the course of the next months, in order to better serve its rising US customer and partner base.