French crypto market maker Flowdesk completes $50 million Series B funding, led by Cathay Innovation

ChainCatcher news, according to The Block, French cryptocurrency market maker Flowdesk has completed a $50 million Series B funding round, led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance (the French state investment bank).

Flowdesk co-founder and CEO Guilhem Chaumont stated in an interview that this is a pure equity financing round. According to insiders, the new funding round has increased Flowdesk's valuation from $100 million during the Series A round to over $250 million.