Tagomi Holdings Inc. Kites $12 M in a Funding Led by Paradigm

Dennis Wafula

March 5, 2019

According to a blog post by Business Wire, Tagomi, the first live brokerage that offers prime services on an agency basis for digital assets investors, yesterday announced a new round of capital investment. The startup company managed to raise a total of $12 million in the fund.

The funding round was led by Paradigm with participation from Pantera Capital, Four Arrows, Multicoin Capital and other well established and well known partners including Founders Fund, Collaborative Fund, Digital Currency Group, Joe Lonsdale and several others.

This new funding comes two months after Tagomi made an announcement about their public product launch bringing the funding to a total of $28 million.

Tagomi Aims to Improve its Trade Execution and Transparency

Tagomi intends to use the money raised from this financing to establish ongoing operations so as to be able to support and scale with client demand. Tagomi’s Co-Chief Executive Officer Greg Tusar stated that the platform is:

“Honoured that clients have voted with their feet, and we share in their excitement of the progress Tagomi has made in improving trade execution, transparency, and lowering operational costs in the digital asset space.”

“We are excited to partner with investors who have experienced first-hand, the frustrations around the lack of infrastructure, and work toward our shared vision of building next generation robust trading technology, so that clients can focus solely on developing their strategies.’’

The Major Participants

Paradigm Capital

Paradigm Capital is an independent, research-driven investment dealer with an investment banking team that provides innovative and attentive services to their clients. The Toronto based firm provides mergers and acquisitions, valuation, diversities and private placement advisory services.

The founding Partner at Paradigm expressed his excitement over the collaboration between Paradigm and Tagomi saying; “We are excited to partner with Tagomi as they continue to build momentum and traction. We view their best-in-class product and team as the next step in the evolution of how digital assets trade.”

Pantera Capitals

This is a digital assets investment firm that also focuses on projects related to the blockchain technology. The firm is famously known as the first U.S. Bitcoin Investment Firm and is currently the leading blockchain investment firm and among the largest institutional owners of crypto assets.

“We view the development of an electronic agency offering as a critical step in empowering funds like Pantera to have complete control and anonymity when transacting in digital assets. We believe it is a key component to carrying out our fiduciary duty in achieving best execution for our fund.”

That’s a statement from Dan Morehead CEO and Co-CIO at Pantera Capital. Pantera Capitals has very strong relationships with major entrepreneurs and investors in the crypto space.

Crypto Is Coming!