Taurus, a Geneva, Switzerland-based digital asset infrastructure provider for financial institutions in Europe, raised $65 million in Series B funding.
The round was led by Credit Suisse, with participation from new institutional investors such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
The funds will be used to support Taurus’ growth strategy across three main priorities: (1) hire top engineering talent; (2) get closer to clients and expand the sales and customer success organization of its infrastructure solutions with new offices in Europe, the UAE, and soon after in the Americas and South-East Asia; and (3) maintain the most stringent security, risk, and compliance requirements across product lines, processes, and organizations.
Taurus already works with more than 25 financial institutions and corporate clients in eight countries and three continents, including systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers.
Among its clients are banks such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.
Since its inception in 2018, Taurus has continuously invested in its proprietary technology to build the most complete platform in the industry, allowing clients to manage any digital assets.
Company: Taurus SA
Raised: $65.0M
Round: Series B
Funding Month: February 2023
Lead Investors: Credit Suisse
Additional Investors: Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland and Investis
Company Website: https://www.taurushq.com/
Software Category: Digital Asset Platform
About the Company: Founded in 2018, Taurus SA is a Swiss company that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, including staking, tokenized assets, and digital currencies. With more than 60% market share in Switzerland, it is also the European leader in the banking segment, entrusted by the full spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers. Taurus also operates a regulated marketplace for private assets and tokenized securities.
Source: https://blog.taurushq.com/taurus-raises-usd-65-million-from-strategic-investors/