AlgoTrader announced Series A round of CHF 5.2 million led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, Finab EOS VC Fund and NeueCapital.

AlgoTrader, a Zurich, Switzerland-based SAAS developer for fully integrated and automated quantitative trading and trade execution for both traditional and digital assets, announced closing its series A capital raise round at CHF 5.2M ($5.9M).

The money was raised from a range of investors led by Credit Suisse Entrepreneur Capital Ltd. joined by investiere, Blockchain Valley Ventures, Finlab EOS VC Fund and NeueCapital.

AlgoTrader, founded in 2014 by CEO Andy Flury, is an institutional-grade algorithmic trading software solution for conducting quantitative research, trading strategy development, strategy back-testing   and   automated   trading   for   both   traditional   securities   and   crypto   assets. AlgoTrader provides everything a typical quantitative trading firm requires to run its research and trading operations.

The company has presence in Zurich, New York, and Singapore.