Finery Markets, a leading multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets, announced a $5.5 million seed funding round today.

The funding round was the first time the company received outside funding.

The round was co-led by G1 Ventures, gumi Cryptos and Shima Capital. Investors including Communitas Capital, DV Chain, GravityX, Unlimint, Daedalus Angels, oneAlpha, Floating Point Group and other industry leaders also joined the round.

Established in 2019, Finery Markets enables 70+ businesses working with digital assets internationally to get access to deep liquidity pools offered by leading global liquidity providers. The pre-trade and post-trade functionality of the platform provides clients with price intelligence, full trade transparency, settlement flexibility, market & counterparty risks control and reporting tools.

This funding round follows strong growth of the platform with a diversified client base - from payment services processors to institutional sell-side to retail platforms - all of which has been achieved on a lean budget. The platform enjoyed 12x YoY revenue growth in 2021 and kept growing in 2022 despite the challenging market conditions.