Solidus Labs, a startup specializing in monitoring market manipulation in the crypto industry, has closed a Series B funding round in the amount of $45 million.
The round was led by Liberty City Ventures with the participation of Evolution Equity Partners, Declaration Partners, ex-OSS head Brian Brooks and former CFTC Chairman Christopher Giancarlo.
The funds raised will be used to increase the number of financial partners and new research and development. Since the beginning of 2021, the startup team has grown fourfold.
Former Goldman Sachs bankers founded Solidus Labs in 2018. They are sure that the lack of proper control and risk reduction tools are the main barriers to mass adoption of cryptocurrencies.
Recall that in November 2021, Solidus Labs attracted $15 million in strategic investments.
In May of the same year, the startup closed a $20 million Series A funding round with the support of FTX, NYDIG and others.