Tesseract raises $ 25 million in Serie A funding round

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Through its margin loan offerings, Tesseract is able to help its clients, most of whom are institutional investors, to maximize their capital.

A Helsinki-based financial services and investment management innovator, Tesseract led its Series A fundraising, leveraging up to $ 25 million from investors. According to ad carried out by the company, the round table was oversubscribed and led by Augmentum Fintech.

Other key participants in the cycle include global venture capital firms BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute, Woorton and longtime investor of Tesseract, Icebreaker.vc. The strong participation in the round table shows the affinity of investors for the growth prospects offered by Tesseract, whose aim is to bridge the gap between traditional finance and the crypto ecosystem.

The world of digital currencies has grown tremendously over the past decade and, more importantly, over the past 12 months. While the growth of the ecosystem was championed by retail investors early on, last year marked the start of a growing number of institutional participations in cryptocurrency-related activities. Building on this momentum, Tesseract launched its core products which focus on margin lending, over-the-counter lending, partnerships with retail platforms and decentralized finance (DeFi).

Through its margin loan offerings, Tesseract is able to help its clients, most of whom are institutional investors, to maximize their capital.

“This funding is a milestone for Tesseract and one of the largest Series A investments in Finland to date,” said Yichen Wu, CEO and Founder of Tesseract, adding that “the funding will be aimed at expanding our institutional offerings from peak, even further, the hiring of new talent to develop new and existing partnerships and to stimulate innovation in new undisclosed financial products. We will also be focusing on the development of our margin lending platform on cross-trading platforms, which has seen tremendous success over the past year. “

According to Yichen, secure investors are essential to bring their expertise to help the company achieve its goals and “add significant value beyond the funding raised.”

Tesseract financing round to help its competition in a unique niche

Institutional investments in digital assets are still very low compared to other aspects of traditional asset finance. Corporate financing is currently around 10%, with a projection to reach 30% by 2025. The growth potential of its niche market has influenced Tesseract’s growth with growth of more than 20 times over one year and the size of the team increased from three to over twenty. The company has notably been profitable since the start of 2020, featuring an appropriate business model and administration.

“We are seeing major changes in the infrastructure supporting the crypto space as it evolves towards the demands of increasing institutional activity. After the separation of custody and negotiation in the first waves of evolution, Tesseract addresses the next fundamental need in a space of limited leverage, ”said Martyn Holman, Partner at Augmentum Fintech.

The involvement of institutional investors will help accelerate the shift from digital assets to mainstream adoption. Tesseract understands this trend and is committed to delivering the right products and services to engage these types of customers in the right way.

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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-world applications of blockchain technology and innovations to foster general acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and sites. Benjamin Godfrey is a lover of sport and agriculture.

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