Angels from Citadel, Jane Street, JPMorgan back $20M raise for Theo network
Theo has raised $20 million from 17 investors to enhance its trading platform for retail investors. The funding round was co-led by Hack VC and Anthos Capital, with participation from firms like Manifold Trading and JPMorgan. Theo, founded by former quant traders, provides retail access to advanced trading strategies such as high-frequency trading and market making. Its infrastructure supports both centralized exchanges and decentralized finance protocols, securing nearly $29 million in total value locked. The company is part of a trend bridging institutional finance and retail, with increasing institutional interest in digital assets driven by Bitcoin ETFs and onchain lending. A recent survey indicates that most institutional investors plan to increase crypto allocations, with three-quarters expected to engage in DeFi within two years.
