Market News

France's Flowdesk Raises $102M: Boosting Crypto Liquidity and Expansion

French crypto trading company Flowdesk has successfully secured $102 million through a combination of equity and debt to enhance its market-making and liquidity services. The funding initiative, primarily in equity, saw major contributions from European investor HV Capital and notable French firms such as Eurazeo, Cathay Innovation, and ISAI VC. Flowdesk's approach to managing liquidity in the volatile crypto market involves extensive coverage across a wide array of assets and multiple exchanges. CEO Guilhem Chaumont highlights the decision to include debt financing as a strategy to avoid excessive dilution while accelerating growth without waiting for profit accumulation. He emphasized the complexity of crypto liquidity compared to traditional markets, hinting at the necessity for such robust financial strategies. This significant financial boost will support Flowdesk’s expansion plans, including a notable increase in its workforce, aiming to add 100 new employees over the next year. The funding marks a continued period of growth for Flowdesk, following a previous $50 million series B round led by Cathay Innovation earlier in the year. Chaumont shared that the company’s revenue has grown eightfold in 2024, although specific financial figures remain undisclosed. This development reflects broader institutional interest and optimism in the expansion of the crypto market and tokenization.