Robinhood (HOOD) Stock: Company Invests $1.5 Billion in Crypto Platform Talos

TLDR

• Talos raised $45 million in a Series B extension, bringing total Series B funding to $150 million and valuing the company at $1.5 billion
• Robinhood Markets and Sony Innovation Fund joined as new strategic investors alongside returning backers a16z crypto, BNY and Fidelity Investments
• The crypto infrastructure company has doubled its revenue and client base over the past two years
• Talos serves hundreds of clients across 35 countries with asset managers representing $21 trillion in AUM using its platform
• The company acquired blockchain analytics firm Coin Metrics for over $100 million in July 2024

Talos closed a $45 million extension to its Series B funding round. The New York-based crypto infrastructure company now sits at a $1.5 billion valuation.

The extension brings Talos’s total Series B raise to $150 million. The company originally raised $105 million in May 2022 at a $1.25 billion valuation.

Robinhood Markets led the new investment alongside Sony Innovation Fund, IMC, QCP and Karatage. Returning investors a16z crypto, BNY and Fidelity Investments also participated.

Robinhood Markets, Inc., HOOD

CEO Anton Katz said the company extended its Series B to accommodate interest from strategic partners. These partners wanted closer alignment with Talos’s growth as traditional assets move to digital infrastructure.

Talos provides institutional-grade trading infrastructure for digital assets. The platform pools liquidity from exchanges, OTC desks and prime brokers into a single interface.

The company serves hundreds of clients across roughly 35 countries. Traditional finance firms now make up 60% to 70% of new customers.

Revenue Growth Doubles

Talos has doubled both revenue and its client base over the past two years. Asset managers using the platform collectively represent about $21 trillion in assets under management.

Johann Kerbrat, Robinhood’s SVP and GM of Crypto, said Talos’s flexibility allows the company to deepen liquidity. The partnership will help deliver more advanced features to Robinhood Crypto customers.

Robinhood has been pushing deeper into crypto and blockchain infrastructure. The company is building its own blockchain network on Arbitrum.

It recently rolled out tokenized stock trading and crypto products in Europe. New staking and perpetual futures offerings signal a shift toward crypto-native finance.

Expansion Through Acquisitions

Talos has grown through strategic acquisitions. The company bought blockchain analytics firm Coin Metrics for over $100 million in July.

That marked Talos’s largest deal to date. The acquisition brought onchain analytics, market data and benchmark indexes to the platform.

Previous acquisitions include D3X Systems, Cloudwall and Skolem. The company plans to use proceeds from the funding extension to expand product development.

Development will focus on trading, portfolio management, execution, treasury and settlement tools. The company also plans to support tokenized traditional assets on its platform.

Talos has added integrations with BlackRock’s Aladdin system. This connection opens access to one of the world’s largest investment management platforms.

The funding comes as investors show renewed interest in crypto infrastructure companies. Stripe secured $500 million for its blockchain initiative Tempo in October at a $5 billion valuation.

Crypto payments infrastructure company Mesh raised $75 million in a Series C round led by Dragonfly Capital. The trend points to growing demand for institutional-scale financial infrastructure.

Talos originally raised its Series B in 2022 led by General Atlantic. Participants included Citi, Wells Fargo Strategic Capital and DRW Venture Capital.

The post Robinhood (HOOD) Stock: Company Invests $1.5 Billion in Crypto Platform Talos appeared first on CoinCentral.