Post Seed Round Capital Raise is led by NeueCapital Partners, a Silicon Valley venture capital fund focused on software technology
ZURICH, SWITZERLAND March 19, 2018 – AlgoTrader AG, a leading Swiss based software services provider for next-generation fully-integrated and automated algorithmic trading platforms has completed a new round of financing.
The post seed stage round with an amount of CHF 1.4 million was provided by NeueCapital Partners, angel investors, and a long-term customer of AlgoTrader’s. 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.
Founded in 2014 by Andy Flury, AlgoTrader is the leading quantitative strategy design, testing, automation and implementation 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. Clients report that they are able to save budget and speed up time to market for deploying trading strategies given the nature of AlgoTrader’s comprehensive, end to end solution.
“Since our inception four years ago, AlgoTrader has built one of the most powerful automated quantitative trading platforms in our market space, and we are now excited to get the first funding for our international expansion”, says Andy Flury CEO of AlgoTrader. “We are seeing a tremendous amount of market interest in our solutions and now is the time to expand our business by investing in marketing & sales, product development and international expansion to support the continuing rapid growth of AlgoTrader.”
“We were impressed by AlgoTrader’s large international customer base, and the high quality and integration level of its automated trading engine”, said Christian Janson Euterneck, Partner at NeueCapital. “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.”
AlgoTrader believes that it is well positioned to benefit from the continued move towards automated and algorithmic trading across all asset classes.
About AlgoTrader AG
AlgoTrader is a fully integrated, event driven algorithmic trading platform written in Java that enables both buy side and sell side trading firms to rapidly develop, simulate, automate and deploy quantitative trading strategies for any instrument type and for any market. Designed by industry experts, it gives users maximum control over their trading experience for consistent results. Initially designed for global equities, futures, forex and options, AlgoTrader now fully supports automated / algorithmic trading in Cryptocurrencies. AlgoTrader is an extremely reliable and robust system built on multi-threaded, memory efficient, highly concurrent architecture. It is optimized in terms of high availability and performance, so trading activities will be uninterrupted and continuous. AlgoTrader provides additional business services including an integrated strategy back-tester, strategy parameters optimizer, exchange simulator, risk management module, auto-hedging and smart order routing execution algos to minimize slippage. Available on-premise or in the cloud, AlgoTrader provides everything a typical quantitative trading firm requires to run its operation and it is the very first and most advanced algorithmic trading software product to allow automated trading of Bitcoin and other Cryptocurrencies. Based in Zurich, Switzerland, AlgoTrader operates throughout the globe.
About NeueCapital Partners
NeueCapital is a Silicon Valley based venture capital investor focusing on emerging European & Israeli related software companies in the B2B space. The fund’s investment team of software specialists partners with early growth stage startups who plan to expand into the US market. NeueCapital aims to be the partner of choice for these companies in their Series A and B financing rounds.