Spiko raises $90 million Series B at $800 million valuation
Tokenized cash fund issuer Spiko has raised $90 million in a Series B round led by NEA, valuing the firm at $800 million as it seeks to take on traditional asset management giants such as BlackRock.
London- and Paris-based tokenized cash startup Spiko has raised $90 million in a Series B funding round, according to reports from Bloomberg and other industry outlets. The investment values the European company at $800 million and brings its total funding raised to date to $120 million.[1][2][4][6]
NEA led the round, with participation from Index Ventures, Bpifrance, Speedinvest, Flourish VC, Shapers, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures, and Wintermute Ventures. Notable angel investors including Axel Weber and the founders of Qonto also contributed to the round.[1][5]
Spiko has accumulated around $2.7 billion in assets under management across more than 25 jurisdictions. The company intends to deploy the fresh capital to scale its tokenized cash fund operations, launch new funds, enter new geographic markets, and grow its team as it challenges established industry leaders such as BlackRock.[1][2][3][4][7]
Key facts
- Spiko raised $90 million in a Series B round, pushing its total funding to $120 million.
- The funding round values the London- and Paris-based startup at $800 million.
- NEA led the round, with backing from Index Ventures, Bpifrance, Speedinvest, Flourish VC, Axel Weber, and the founders of Qonto.
- Spiko manages approximately $2.7 billion in tokenized cash fund assets across more than 25 jurisdictions.
- The company is positioning itself to compete against major sector incumbents, including BlackRock.
- The fresh funds will be used to launch new funds, expand into new markets, and hire additional staff.
Sources · 7 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Spiko has raised $90 million in a Series B led by NEA, bringing its total funding to $120 million. The tokenized cash fund issuer has $2.7B in AUM across more than 25 jurisdictions and plans to use the new capital to launch funds, enter new markets, and expand its team.
Open source - TE
Techmeme@TechmemePost on X ·
London- and Paris-based tokenized cash startup Spiko raised a $90M Series B at an $800M valuation, taking its total funding to $120M, and hits ~$2.7B in AUM (@ryanjamesweeks / Bloomberg) (Visit Techmeme dot com for the link and full context!)
Open source - BL
Bloomberg@businessPost on X ·
A European startup building tokenized cash funds has raised $90 million as it seeks to take on sector heavyweights including BlackRock https://t.co/amkL99JKTy
Open source - TB
The BlockArticle ·
Spiko raises $90 million to expand tokenized cash funds across markets Spiko raised $90 million in Series B funding to scale its $2.7 billion tokenized cash fund business and expand into new markets.
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
💰@Spiko_finance has raised $90 million in a Series B, taking total funding to $120 million. https://t.co/a0DAcbk1Hn @NEA led the round, with participation from @IndexVentures, @Bpifrance, @Speedinvest, @FlourishVC, Shapers, White Star Capital, Blockwall, Frst, EQNX, Mirana Ventures, and Wintermute Ventures. Angels include Axel Weber and the founders of Qonto. #eutech #france #startups #fintech #vcfunding #investment #innovation
Open source - TS
The SaaS News@TheSaaSNewsPost on X ·
Spiko Raises $90M Series B #Tokenization #CashManagement #FinancialInfrastructure #AssetManagement #Fintech #SeriesB #Funding #Spiko https://t.co/dAarLKl01F
Open source - CB
Crypto BriefingArticle ·
Spiko raises $90M to take on BlackRock in tokenized cash funds Spiko's $90M raise signals a shift towards blockchain-based finance, challenging traditional giants and potentially reshaping cash fund markets. The post Spiko raises $90M to take on BlackRock in tokenized cash funds appeared first on Crypto Briefing .
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