The decentralized trading platform Theo has completed a total of $20 million in financing, led by Hack VC and others

ChainCatcher news, according to Fortune, the decentralized trading platform Theo has completed a total of $20 million in funding. This round of financing consists of two parts: a $4.5 million seed round led by the quantitative investment firm Manifold Trading completed in March 2024, and a recently completed $15.5 million funding led by cryptocurrency investment firms Hack VC and Anthos Capital.

Theo was founded by three former employees from high-frequency trading firms Optiver and IMC Trading. The platform allows ordinary investors to use trading strategies that are typically reserved for top high-frequency trading companies.