Flowdesk Raises $102M to Expand Trading Services

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Flowdesk has secured $102 million in financing, backed by venture capital firm HV Capital and a debt facility from BlackRock-managed funds.

CEO Guilhem Chaumont made the announcement on LinkedIn, stating, "Today, we announce a $52M extension to our Series B funding round, with HV Capital and BlackRock, alongside the continued support of our existing investors Eurazeo, Cathay Innovation, and ISAI."

The Series B funding will go towards Flowdesk's mission to "pioneer a new generation of crypto financial and trading technology services."

"We’re building solutions that are transparent, scalable, fast, and competitive, spanning the full spectrum of assets—from majors to meme coins, and eventually tokenized securities," he explained.

Flowdesk's latest raise includes both equity and debt financing with 10% of the $102 million coming from debt financing provided by BlackRock, which will need to be repaid.

“We are not going to scale our balance sheet with 100% equity, because that would get too much dilution for ourselves,” he said to Fortune. “At the same time, we don't want to wait for our profits to build that balance sheet, because it's going to take years.”

Taking on debt allowed the company to maintain control while bolstering its cash reserves, Chaumont explained, adding that Flowdesk's annual revenue increased eightfold in 2024.

The company’s fundraising history includes a $50 million Series B round led by Cathay Innovation in January 2023. Flowdesk has now raised a total of $182 million since its launch in 2020.

“This funding round marks a pivotal moment for Flowdesk as we accelerate our expansion into key global markets,” said CEO Guilhem Chaumont in an email to CoinDesk. “Institutional demand for market-making infrastructure is growing rapidly, and we are committed to scaling our technology and services to meet that need.”

With the new funding, Flowdesk plans to expand its workforce significantly, hiring 100 new employees within the next year to grow its team beyond its current headcount of 150.