# TradeBlock

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

- Industry: Software
- Headquarters: New York, US
- Website: https://tradeblock.com/
- Total disclosed funding: $2.9M
- Latest round: Seed (Jun 25, 2014)
- Investors on record: 6

## About

TradeBlock, Inc. provides institutional-grade trading and execution services for digital assets, focusing on professional investors and financial institutions with advanced trading platforms and data analytics tools.TradeBlock, Inc. specializes in digital asset trading and execution services. Founded in 2013 by Darren Smith and Mbiyimoh Ghogomu, the company is headquartered in New York, US. In January 2021, CoinDesk, Inc. acquired TradeBlock from its previous investors, which included notable names such as FinTech Collective and Y Combinator. The company has participated in 6 deals, raising a total of USD 32.70 mn, with the latest funding round being a Venture Debt round amounting to USD 1.00 mn.TradeBlock focuses on providing institutional-grade trading and execution services for digital assets, primarily catering to professional investors and financial institutions. Their core offerings include advanced trading platforms that facilitate efficient and secure transactions in cryptocurrencies. These platforms address challenges related to liquidity, price discovery, and risk management in the digital asset market. Additionally, TradeBlock offers comprehensive data analytics and market intelligence tools, enabling clients to make informed trading decisions based on real-time insights. Their customer base comprises hedge funds, family offices, and traditional financial institutions engaged in the cryptocurrency space, particularly in North America and Europe.TradeBlock generates revenue through a subscription-based model, where clients pay for access to their trading platforms and data services. This model includes tiered pricing plans tailored to different levels of usage and service requirements, reflecting the diverse needs of institutional clients. For example, a flagship service may be offered at a higher tier, providing enhanced features such as advanced algorithmic trading capabilities and dedicated customer support. TradeBlock also engages in partnership arrangements with financial institutions, allowing for collaborative offerings that enhance the trading experience. This B2B transaction model emphasizes the importance of establishing long-term relationships with clients who require reliable and efficient solutions for their digital asset trading needs.TradeBlock plans to leverage its recent funding from the Venture Debt round to enhance its service offerings and expand its market reach. This includes the development of new products aimed at addressing the evolving needs of institutional clients in the digital asset space. Additionally, TradeBlock is targeting expansion into further regions, particularly in Europe and Asia, by 2023 to capture a growing demand for sophisticated trading solutions. The company's recent acquisition by CoinDesk, Inc. is expected to provide strategic synergies that will bolster its growth initiatives.

## Funding rounds

- Seed, Jun 25, 2014, $2.8M — F-Prime Capital, Andreessen Horowitz, DCVC, FinTech Collective, Hard Yaka
- Seed, Mar 25, 2014, $0.1M — Y Combinator, FinTech Collective

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed
- Hard Yaka (https://capitalatlas.ai/funds/hard-yaka) — Seed