Anboto Labs raises $3 million funding || Web3 O’clock

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The recent funding achievement of Anboto Labs underscores the company's unwavering commitment to delivering exceptional crypto trading execution tools. Their emphasis on user privacy, advanced execution algorithms, and a dedication to broadening access positions them as a noteworthy

Anboto Labs, a prominent provider of crypto trading execution tools based in Hong Kong, recently achieved a significant milestone by securing $3 million in funding. This financial success follows a prosperous $1.9 million investment last year, elevating the company's valuation to an impressive $35 million.

Anboto Labs, founded by Guillaume Forcade and his team, specializes in delivering advanced crypto trading execution tools. The company has gained recognition for its suite of execution algorithms, including TWAP and VWAP, designed to ensure optimal pricing for traders.

Anboto distinguishes itself through a strong commitment to user privacy, streamlining the onboarding process with the elimination of extensive know-your-customer procedures. The platform also enhances security through features like multi-factor authentication and IP address whitelisting.

The recent funding round of $3 million was led by key investors such as Kronos Ventures, Cherry Crypto, and Mechanism Capital. This financial injection, following the successful $1.9 million round last year, underscores strong investor confidence in Anboto's vision and potential.

Guillaume Forcade, co-founder of Anboto, expressed enthusiasm about the company's trajectory, highlighting their revenue-positive status and commitment to expanding services.

Having completed an extensive 18-month testing phase involving approximately $4 billion in trading across 20 different exchanges and blockchain networks, the Anboto Labs platform is now ready for public release. The testing phase has contributed to refining the platform's performance and security.

Looking ahead, Anboto Labs has ambitious plans for further enhancing its crypto trading tools in the coming months. The company aims to democratize powerful trading tools, making them accessible to a broader audience beyond industry experts. Positioned as a major player in the dynamic crypto landscape, Anboto Labs is poised to contribute significantly to the success of diverse traders.

 

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