US-based institutional digital asset infrastructure, technology and data provider Talos has extended its Series B round fundraise by US$45 million, bringing the company’s total amount raised in its Series B to $150 million with its post-money valuation now reaching approximately US$1.5 billion.

New series B extension strategic investors include Robinhood Markets, Sony Innovation Fund, IMC, QCP and Karatage, who are joining alongside returning investors a16z crypto, BNY and Fidelity Investments.

This strategic round brings together partners and investors whose portfolio companies are involved in digital assets, ranging from trading and custody to liquidity provision and infrastructure. 

A portion of the investment was settled using stablecoins, reflecting the growing use of blockchain-based payment rails in institutional transactions.

Proceeds from the Series B extension will be used to expand product development across its platform, from portfolio construction and risk management to execution, treasury and settlement tools. In particular, the company plans to expand its platform to support traditional asset classes as they migrate to become digital assets.

The fundraise follows a period of significant momentum for it, marked by the company roughly doubling its revenues and number of clients each year for the past two years.

As well, the company has launched its RFQ ( request for quotation ) platform with BlackRock’s traders on the Aladdin platform, as well as the acquisitions of four digital asset firms – Coin Metrics, Cloudwall, Skolem and D3X Systems, enhancing its capabilities across data, risk management, decentralized finance infrastructure and portfolio engineering. 

“We extended our Series B round to accommodate interest from strategic partners who recognize our role in providing core institutional infrastructure for digital assets,” says Anton Katz, the company’s CEO and co-founder. “At a time when traditional asset classes are increasingly migrating to digital rails, these partners wanted to be more closely aligned with our growth.”