AlgoTrader in a $4.9 million pre-series B round backed by Credit Suisse Entrepreneur Capital and C3 EOS VC Fund

AlgoTrader, a Zurich, Switzerland-based SAAS developer for fully integrated and automated quantitative trading and trade execution for both traditional and digital assets, announced securing funding worth $4.9 million in what it dubs a pre-series B round.

The money was raised from investors led by Credit Suisse Entrepreneur Capital and C3 EOS VC Fund and joined by SBI Investment, Fenbushi Capital, Verve Ventures, Quonota Investments and Neue Capital.

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 offices in Zurich, New York, and Singapore and previously raised series A closed at $5.9 million at the end of 2020.