# CoinRoutes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coinroutes

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.coinroutes.com/
- Total disclosed funding: $31M
- Latest round: Series B (Mar 18, 2022)
- Investors on record: 11

## About

Founded in 2017 by CEO Dave Weisberger, CTO Ian Weisberger, and CRO Michael Holstein, and based in Florida, US, CoinRoutes Inc. operates as a developer of a trading platform designed to facilitate crypto asset trades. In September 2025, CoinRoutes Inc., a portfolio company of Genesis Global Trading, Cboe Global Markets, Mirana Ventures, AsendEX, GSR, Celsius Network LLC, Arca, CMT Digital, Galaxy Asset Management, Susquehanna International Group, Ayon Capital, and Bitcoin Suisse AG, acquired QIS Risk for USD 5 million in cash and stock.

The company's product is its algorithm-based crypto trading platform which allows users to trade on multiple exchanges. The platform provides a client-deployed SOR that allows clients to retain complete control over their exchange keys and wallets. 

The company operates on a subscription-based SaaS model combined with transaction-based fees for algorithmic execution services. Its primary clients include hedge funds, asset managers, and brokers seeking best execution and cost optimization in crypto markets.

Following the QIS Risk acquisition, CoinRoutes plans to expand its risk analytics capabilities, integrate portfolio monitoring tools, and strengthen its presence in Europe and Asia. The company also aims to enhance support for options and structured products to cater to sophisticated institutional strategies.

## Funding rounds

- Series B, Mar 18, 2022, $16M — Susquehanna International Group, Galaxy Asset Management, CMT Digital, Arca Investment Management, Celsius Network LLC, GSR, AscendEX, Ayon Capital, Mirana Ventures, Cboe Global Markets, Genesis Global Trading
- Series B, Oct 29, 2021, $15M — Ayon Capital

## Investors

- Ayon Capital (https://capitalatlas.ai/funds/ayon-capital) — Series B
- Susquehanna International Group — Series B
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series B
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series B
- Arca Investment Management — Series B
- Celsius Network LLC — Series B
- GSR — Series B
- AscendEX — Series B
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Series B
- Cboe Global Markets — Series B
- Genesis Global Trading — Series B