Flowdesk Secures $52 Million Funding to Expand Crypto Services and Operations
Flowdesk, a France-based crypto trading agency, has successfully raised $52 million in a fundraising extension round, increasing its total funding to $102 million. This funding includes approximately 90% equity and 10% debt, according to co-founder and CEO Guilhem Chaumont.
Key Investors and Funding Breakdown
- Major investors include HV Capital, Eurazeo, Cathay Innovation, and ISAI VC for equity.
- Debt facility primarily from BlackRock Managed Funds.
- HV Capital secured a board seat in exchange for the funding.
CEO’s Explanation on New Debt Strategy
The CEO stated that the debt funding is a strategic move to support growth without diluting ownership, leveraging the company's financial health. Most transactions occurred in 2024, following strong investor interest.
Flowdesk’s Expansion Plans and New UAE Office
- Plans to capitalize on real-world asset tokenization and expand over-the-counter derivative business.
- Aims to establish a dedicated crypto-credit desk to meet market demand.
- Intends to double workforce and open a new office in the UAE, its fourth location.
- Preparing for compliance with the European Union's Marketing Crypto Assets Framework.