Talos Valuation, Funding & Investors
Talos is valued at $1.5B as of January 2026.
Last Talos valuation
$1.5B
Series B · Jan 2026
Last Talos funding round
$45M
Series B · Jan 2026
Cumulative funding Talos raised
$190M
across 3 funding rounds
Key investors in Talos
Andreessen Horowitz
Fidelity
Initialized Capital
General Atlantic
a16z crypto
Sony Innovation Fund
About Talos
Talos is a New York-based institutional trading infrastructure provider for cryptocurrencies, facilitating execution, custody, and settlement across 300 assets. Founded in 2018, the platform connects exchanges, market makers, and hedge funds via low-latency APIs and smart order routing. Talos powers liquidity for firms like Galaxy Digital and supports OTC desks with prime brokerage services.
Founded
2018
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.5B (Jan 2026)
Talos Valuation
Talos is currently valued at $1.5B, based on its Series B in January 2026.
The $45M round included BNY Mellon, a16z crypto, Karatage, Fidelity, IMC Trading and 3 other investors.
Talos' valuation has grown 1.2x from $1.3B at its Series B in May 2022 to $1.5B in January 2026, across 2 priced rounds.
Talos valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2026 | Series B | $1.5B |
| May 2022 | Series B | $1.3B |
Talos Funding History
Talos has raised a total of $190M across 3 funding rounds.
Talos' first fundraising round was a $40M Series A in May 2021. The most recent completed round was a $45M Series B in January 2026.
Talos funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series B | BNY Mellon; a16z crypto; Karatage; Fidelity; IMC Trading; QCP; Sony Innovation Fund; Robinhood | $45M | $1.5B | Talos, a New York-based provider of institutional digital asset infrastructure, offers technology for trading, portfolio management, risk management, execution, settlement, and data analytics across crypto markets and integrating with traditional finance systems. Founded in 2018 by Anton Katz and Ethan Feldman, the company supports banks, brokerages, funds, trading firms, and OTC desks in 31 countries, having facilitated $727 billion in trading volume since inception. On January 29, 2026, Talos announced a $45 million Series B extension, bringing total Series B funding to $150 million from an initial $105 million raised in May 2022 at a $1.25 billion valuation. This round elevated the post-money valuation to approximately $1.5 billion, a 20% increase, with new strategic investors including Robinhood Markets, Sony Innovation Fund, IMC Trading, QCP, and Karatage joining existing backers a16z crypto, BNY Mellon, and Fidelity Investments. A portion of the investment was settled using stablecoins, highlighting blockchain adoption in institutional payments. Proceeds will expand Talos's product suite, focusing on portfolio construction, risk management, treasury, settlement tools, and support for traditional assets migrating to digital formats. Recent momentum includes roughly doubling revenues and client base annually for the past two years, launch of an RFQ platform integrated with BlackRock's Aladdin, and acquisitions of Coin Metrics (data analytics), Cloudwall, Skolem, and D3X Systems (enhancing DeFi, risk, and portfolio capabilities). Most new investors are existing clients, underscoring Talos's role bridging traditional finance and digital assets. |
| May 2022 | Series B | General Atlantic (lead) | $105M | $1.3B | This Talos Energy reported annual revenue of approximately $1.65 billion for fiscal year 2022, with quarterly revenues such as $519.1 million in Q2 2022 and $342.2 million in Q4 2022. Adjusted EBITDA for full year 2022 was $841.8 million. Talos Energy's financials show oil as the primary revenue driver, with $1.065 billion from oil sales in 2022 alongside natural gas and NGLs. |
| May 2021 | Series A | Andreessen Horowitz (lead); Galaxy Digital; Castle Island Ventures; Initialized Capital; Borromin; Notation Capital; Autonomous Partners; Illuminate Financial; Elefund | $40M | - | Talos is a provider of institutional digital asset infrastructure and trade lifecycle management solutions for digital asset institutions, enabling buy-side firms, prime brokers, and lenders to operate trading desks via APIs or web interfaces. Founded in 2018, the company serves banks, brokerages, funds, trading firms and OTC desks across 31 countries and has supported $727 billion in trading volume since inception. The company raised $40 million in its Series A funding round in May 2021 from lead investors Andreessen Horowitz, Fidelity Investments, Galaxy, Elefund, Castle Island Ventures, Notation, Illuminate Financial, Initialized Capital, PayPal Ventures, Autonomous Partners, and Steadfast Capital Ventures. The Series A proceeds were intended to build institutional-grade infrastructure and expand platform capabilities for digital-asset trading. Talos subsequently raised $105 million in Series B in May 2022 at a $1.25 billion post-money valuation, and later extended its Series B round by $45 million in February 2026, bringing total Series B funding to $150 million at a $1.5 billion valuation. |
Who has invested in Talos?
18 investors have backed Talos across its funding rounds, including Andreessen Horowitz, Fidelity, Initialized Capital, General Atlantic, a16z crypto and Sony Innovation Fund.
Lead investors include General Atlantic and Andreessen Horowitz.
Talos Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 1 | Participant | May 2021 | |
| United States | 1 | Participant | Jan 2026 | |
| San Francisco, CA | 1 | Participant | Jan 2026 | |
 London | 1 | Participant | Jan 2026 | |
| Boston, MA | 1 | Participant | Jan 2026 | |
 Amsterdam | 1 | Participant | Jan 2026 | |
| United States | 1 | Participant | May 2021 | |
| San Francisco, CA | 1 | Participant | May 2021 | |
 Frankfurt | 1 | Participant | May 2021 | |
| New York City, NY | 1 | Participant | May 2021 | |
| San Francisco, CA | 1 | Lead | May 2021 | |
| New York City, NY | 1 | Lead | May 2022 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Autonomous Partners | San Francisco, CA | 1 | Participant | May 2021 |
This data is available for Pro users. Sign up to see all 18 Talos investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Talos
Talos has acquired 4 companies to date.
Last acquisition by Talos was on July 16th 2025. Talos acquired Coin Metrics for $100M.
Latest Acquisitions by Talos
| Description | Coin Metrics is a New York-headquartered provider of blockchain network data, market metrics, and risk analytics for institutional investors. The firm publishes daily on-chain reports for Bitcoin, Ethereum, and over 200 assets, alongside proprietary indexes like Reference Rates tracked by CME Group. Coin Metrics supplies APIs to hedge funds and exchanges, including Chainalysis for transaction monitoring. | Skolem Technologies is a fintech platform that integrates institutional investors into decentralized finance ecosystems via a single access point for trading, yield farming, staking, and liquidity provisioning. Its execution technology supports direct participation in DeFi markets like Uniswap and Aave without expanding technical teams or elevating portfolio risks. Designed for reliability amid market volatility, the platform processes complex trades across multiple blockchains including Ethereum and Polygon. Headquartered in the United States, Skolem serves hedge funds and asset managers seeking efficient DeFi exposure. | Cloudwall Capital is a New York-based investment firm focused on digital assets for institutional clients. The team manages portfolios emphasizing cryptocurrencies, blockchain infrastructure, and decentralized finance protocols through quantitative research and risk-adjusted strategies. Cloudwall Capital advises hedge funds and family offices on market navigation, providing exposure to assets like Bitcoin, Ethereum, and layer-2 scaling solutions. Established in 2021, the firm operates from offices in the United States and Europe, leveraging proprietary analytics to optimize returns amid volatile crypto markets. | D3X Systems is a developer of technology platforms for systematic investment strategies. The company builds execution engines and risk management tools for quantitative hedge funds. Headquartered in Zug, Switzerland, D3X Systems processes billions in daily trading volume across equities, forex, and derivatives markets. |
| HQ Country | | | | |
| HQ City | Boston, MA | New York City, NY | New York City, NY | Washington, DC |
| Deal Date | 16 Jul 2025 | 30 May 2024 | 23 Apr 2024 | 9 May 2023 |
| Valuation | $100M | undisclosed | undisclosed | undisclosed |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Talos acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Talos Competitors
Talos competitors include listed companies like Securitize and Sharplink, and private ones like Matrixport, TRM Labs, Flashbots and Gauntlet.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Singapore | Private | - | - | $1.5B | - | |
| San Francisco, CA | Private | - | - | $2B | - | |
| United States | Private | - | - | $1B | - | |
| New York City, NY | Private | - | - | $1B | - | |
| United States | Publicly listed | $62M | ($34M) | $1.5B | 22.2x | |
| United States | Publicly listed | $28M | ($734M) | $1.8B | 39.9x |
Talos Public Comps
Talos is still privately-owned, but its public comps include Securitize, National Securities, Sharplink, OSL Group, HashKey Holdings, BitGo Holdings, Servyou Software Group, Shanghai DZH, Indokripto Koin Semesta and Rhino Bitcoin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $159M | $48M | 9.4x | 8.5x | 31.6x | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $306M | $35M | 7.4x | 6.6x | 64.6x | 44.3x | |||
| $123M | ($545K) | 18.1x | - | (4082.3x) | - | |||
This data is available for Pro users. Sign up to see all Talos competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Talos
| When was Talos founded? | Talos was founded in 2018. |
| Where is Talos headquartered? | Talos is headquartered in New York City, NY, United States. |
| Is Talos publicly listed? | No, Talos is a private, VC-backed company. |
| What is Talos' valuation? | Talos was last valued at $1.5B in its Series B in January 2026. |
| How much funding has Talos raised? | Talos has raised $190M across 3 funding rounds. |
| What was Talos' last funding round? | Talos' last funding round was a $45M Series B in January 2026. |
| Who are Talos' investors? | Talos' investors include Galaxy Digital, BNY Mellon, a16z crypto, Karatage, Fidelity, IMC Trading, Castle Island Ventures, Initialized Capital, Borromin, Notation Capital and 8 others. |
| Which companies are comparable to Talos? | Companies comparable to Talos include Matrixport, TRM Labs, Flashbots, Gauntlet, Securitize and Sharplink. |
| How many companies has Talos acquired? | Talos has acquired 4 companies, including Coin Metrics, Skolem Technologies, Cloudwall Capital and D3X Systems. |
| What was the largest acquisition by Talos? | The $100M acquisition of Coin Metrics in July 2025 is the largest acquisition Talos has made to date. |
See companies similar to Talos
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.