Immix raises $2.7 million
London-based crypto startup Immix has closed a $2.7 million Seed funding round led by MassMutual Ventures, with participation from Ripple Ventures.
Founded in 2019, Immix originally built a crypto hedge fund but it later pivoted to offering a trading platform and other crypto services.
“We believe that a new approach to institutional crypto-asset trading infrastructure is required to unlock mass institutional adoption. With the support from our investors in this Seed round, we at IMMIX are strongly positioned to continue enabling new scalability for institutional trading activities across the entire Web3 ecosystem.” – Andrew Mann, co-founder of IMMIX.
“Fuelled by their next-generation financial technologies, IMMIX is tackling the critical challenges for institutional Web3 trading caused by restrictive and high-cost infrastructure. It gives those working in a dynamic and fast-moving market a competitive advantage. We are excited to see the launch of IMMIX and look forward to working closely with Andrew and David.” – Ryan Collins, managing partner at MassMutual Ventures.