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SignalPlus Raises $50 Million in Series B1 at $500 Million Valuation

According to PRNewswire, SignalPlus completed a $50 million B1 funding round led by HashKey Capital, with Goldman Sachs acting as exclusive financial adviser.

Summary

SignalPlus completed a $50 million B1 funding round at a $500 million post-money valuation. HashKey Capital led the round, with BlockBooster and AppWorks participating. According to PRNewswire, Goldman Sachs served as the exclusive financial adviser. SignalPlus has said it provides institutional trading infrastructure for digital asset and traditional finance derivatives markets.

Terms & Concepts
  • Post-money valuation: A company valuation calculated after new investment is added, reflecting the implied value of the business following the funding round.
  • Digital asset: A digitally native asset such as a cryptocurrency or token that can be traded, transferred, or held on electronic networks.
  • Derivatives trading infrastructure: The systems and tools used to support pricing, execution, connectivity, and risk management for derivatives markets.