Wintermute is a technology company.
Wintermute has raised $23.0M across 2 funding rounds.
Wintermute has raised $23.0M in total across 2 funding rounds.
Wintermute has raised $23.0M in total across 2 funding rounds.
Wintermute's investors include 2.12 Angels, Kevin Hartz, AME Cloud Ventures, Andreessen Horowitz, Angelic Ventures, Blockchain.com Ventures, Caffeinated Capital, Coinbase Ventures, CP Ventures, Matt Ocko, DFJ, Dispersion Capital.
Wintermute is a leading algorithmic trading firm and global liquidity provider specializing in digital assets, including cryptocurrencies and DeFi protocols.[1][2][3] It builds advanced algorithmic trading engines to deliver liquidity and market-making services across spot, derivatives, and OTC trading on vetted platforms, serving institutional and retail investors, token projects, and top-tier protocols like BTC, ETH, SOL, and UNI.[1][3] By importing high-frequency trading practices from traditional finance, Wintermute solves the problem of fragmented, illiquid crypto markets, fostering efficient, transparent pricing and enabling seamless trading experiences; the firm has raised $22.8M in funding, including a $20M round, and reports strong growth like a 19x rise in crypto CFD volumes.[2][3]
Founded by experienced traders and engineers from traditional financial markets, Wintermute emerged to apply proven algorithmic and high-frequency trading techniques to the nascent digital asset space.[1][2] The company gained early traction as a crypto-native firm, securing initial investments like from F-Prime Capital in 2021, and has since expanded with offices in locations including England, UK, Reston, Virginia, and Singapore.[1][2][3] Pivotal moments include launching its OTC platform NODE for CFD and index trading, fortifying U.S. leadership with senior hires, and becoming a preferred liquidity partner for major protocols.[2][3]
Wintermute rides the explosive growth of digital assets and DeFi, where liquidity is the "lifeblood of crypto," enabling token launches, protocol adoption, and institutional entry amid maturing markets post-2021 investments.[3] Timing aligns with rising demand for efficient markets as crypto volumes surge—evidenced by their CFD boom—and regulatory clarity draws traditional finance players.[2] Favorable forces include fragmented exchanges needing algorithmic providers and DeFi's need for deep liquidity; Wintermute influences the ecosystem as a top builder, researcher, and investor, powering protocols and shaping transparent global trading infrastructure.[1][3]
Wintermute is poised to dominate as crypto liquidity demands intensify with ETF approvals, layer-2 scaling, and tokenized real-world assets. Expect expansion in U.S. operations, deeper DeFi ventures, and tech enhancements like AI-driven trading amid rising institutional volumes. Its evolution from trader to ecosystem enabler positions it to influence crypto's bridge to TradFi, amplifying the efficient markets it pioneered from day one.[2][3]
Wintermute has raised $23.0M across 2 funding rounds. Most recently, it raised $20.0M Series B in January 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2021 | $20.0M Series B | 2.12 Angels, Kevin Hartz, AME Cloud Ventures, Andreessen Horowitz, Angelic Ventures, Blockchain.com Ventures, Caffeinated Capital, Coinbase Ventures, CP Ventures, Matt Ocko, DFJ, Dispersion Capital, Dreamers VC, Founders Fund, Goodwater Capital, Greylock, Hardware Club, Shawn Modarresi, Khosla Ventures, Lightspeed Venture Partners, Locus Ventures, Long Journey Ventures, Marcy Venture Partners, Mayfield, Menlo Ventures, Hans Tung, Off the Grid Ventures, Pantera Capital, Sound Ventures, South Park Commons, Spark Capital, The Hit Forge, Uncork Capital, Verified Capital, Balaji Srinivasan, Chris Kelly, James Hong, Jared Leto, Jay Z, Jeff Seibert, John Hennessy, Scott Banister, Shervin Pishevar | |
| Jul 1, 2020 | $3.0M Series A | Caffeinated Capital, CP Ventures, Founders Fund, Khosla Ventures, Lightspeed Venture Partners, Long Journey Ventures, Hans Tung, Sound Ventures, Spark Capital, Scott Banister |