Theo Raises $20M to Bring Hedge Fund Strategies to Retail Crypto Traders
Crypto infrastructure startup Theo has secured $20 million in funding to provide Wall Street-grade trading strategies to everyday investors. The funding round was led by Hack VC and Anthos Capital, with participation from major financial firms like Citadel, Jane Street, and JPMorgan, as well as crypto-native entities such as Mirana Ventures and Flowdesk. Theo aims to create institutional-grade trading infrastructure for less tech-savvy users, allowing them to access sophisticated trading opportunities without managing multiple accounts or coding. Strategies offered include high-frequency arbitrage and delta-neutral hedging. The platform targets users seeking capital preservation and yield, while ensuring safety by avoiding leverage and direct trading. Users allocate funds to vaults with enforced risk controls and transaction verification by validator nodes. The DeFi sector has seen significant growth, with unique wallet addresses increasing by 120% from 2022 to 2023 and total value locked reaching nearly $250 billion in December 2024.
