Crypto market maker CyberX raises $15 million led by Foresight Ventures
Crypto investment firm Foresight Ventures led a $15 million Series A round into digital asset market maker CyberX. The deal for the company, which saw its valuation lift to the “few hundred million dollar range” per an interview with founder Zack Fan.
CyberX’s raise follows several other market makers procuring capital in recent months. In November, Brussels-based Keyrock raised a $72 million Series B led by crypto payments company Ripple and decentralized market-making protocol Arrakis Finance announced a $4 million round last month. For CyberX, Fan said that it secured the capital primarily to improve its proprietary risk management framework which monitors on-chain and off-chain data in real-time.