Start-up venture capital fund Dawn Capital has co-led on crypto-focused platform Elwood Technologies' $70 million Series A funding.
We have advised Dawn Capital on the investment round which also included Goldman Sachs, Barclays and Commerzbank’s CommerzVentures, as well as Galaxy Digital Ventures, BlockFi Ventures, Flow Traders, Chimera Ventures and Digital Currency Group.
Elwood Technologies, founded by hedge fund billionaire Alan Howard, acts as a bridge between institutions and cryptocurrency markets, having first released its products in early 2019. The latest investment round means the company can respond to growing institutional client demand as well as expand its global operations and products.
Commenting on the deal, Howard Palmer, Corporate Technology partner, said: "Crypto-based companies are still going strong when it comes to funding from both traditional and crypto-based investors. Our advice and strength-in-depth of our team was integral in making sure the funding round went smoothly for Dawn Capital. We look forward to seeing Elwood Technologies' latest steps in its global expansion."
The team was led by partner Howard Palmer with support from legal advisor Deepti Patankar and associate Emily Townsend.
