About Cryex
Cryex is a Financial Services company based in Stockholm (Sweden) founded in 2013, and was acquired by Safello in October 2017. Multi-currency matching and clearing platform for FX products is operated. Cryex has raised $10 million across 1 funding round from investors including Safello, Northzone and White Star Capital. The company was acqui-hired. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Crypto Exchanges.
Company details
Cryex was founded in 2013 in Stockholm, Sweden, within the fintech sector focused on foreign exchange trading. An order-driven platform is provided for multi-currency matching, supported by central counterparty clearing initially for spot products and later for derivatives. Blockchain technology is utilized for transaction settlement, targeting the European market to facilitate operations with emphasis on price transparency, cost efficiency, and reduced settlement risks.
Funding Insights of Cryex
Cryex has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in May 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 1
- Last Round Series A — $10M
- First Round $10M
(May 2015)
- Investors Count 2
All 1 funding rounds of Cryex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $10M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Cryex
Cryex has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Safello, Northzone and White Star Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by Northzone venture capital. | northzone.com | London, United Kingdom | ||
A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds. | whitestarcapital.com | |||
Cryptocurrencies are bought, sold, and traded on the exchange platform. | 2013 | safello.com | Stockholm, Sweden |
Investor details for Cryex
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- Complete investor list
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Timeline of Cryex
3 dated milestones of Cryex across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Cryex is founded.
- Funding First funding round of $10.0M.
- Exit Acquired by Safello.
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Frequently Asked Questions about Cryex
Cryex was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Cryex is headquartered in Stockholm, Sweden.
Cryex is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on May 2015.
Cryex was founded in 2013 in Stockholm, Sweden, within the fintech sector focused on foreign exchange trading. An order-driven platform is provided for multi-currency matching, supported by central counterparty clearing initially for spot products and later for derivatives. Blockchain technology is utilized for transaction settlement, targeting the European market to facilitate operations with emphasis on price transparency, cost efficiency, and reduced settlement risks.
Cryex has 3 investors. Key investors include Safello, Northzone, and White Star Capital.
Yes. Cryex was acquired by Safello in October 2017.