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Accel Leads $17M Pre-Seed Round For Institutional Crypto Trading Firm FalconX

Janelle Fox

Summary: FalconX's multi-million-dollar pre-seed funding included a notable list of investors, which reflects the desire for a platform designed to fight artificially inflated trading volumes in the cryptocurrency industry. According to an announcement from FalconX on May 14, the company had raised a total of $17 million in a round led by Accel, which has giant ...

FalconX's multi-million-dollar pre-seed funding included a notable list of investors, which reflects the desire for a platform designed to fight artificially inflated trading volumes in the cryptocurrency industry.

According to an announcement from FalconX on May 14, the company had raised a total of $17 million in a round led by Accel, which has giant names such as Facebook and Slack in its portfolio, and also received investments from Coinbase Ventures, Fenbushi Capital and Land Avon Ventures.

By Janelle Fox

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