Quick Take

• Flowdesk finalizes $102m financing round with equity financing from HV, and the support of its existing investors Eurazeo, Cathay Innovation and ISAI as well as a debt facility from funds and accounts managed by BlackRock.
• Additional capital raised will strengthen Flowdesk’s position as a leading digital asset trading and technology firm and accelerate global expansion to meet growing demand for its liquidity provision and OTC trading services.
• Positions Flowdesk as a liquidity provider to partner on the accelerating growth of digital assets, ETFs, and tokenization.

NEW YORK – Flowdesk, a full-service digital asset trading and technology firm, today announced the close of its $102m financing round, including further equity support from existing shareholders and HV Capital as well as debt from funds and accounts managed by BlackRock. 

Since its launch in 2020, Flowdesk has emerged as a leading global liquidity provider in the crypto industry, notably through its Market-Making as a Service offering, serving spot and derivatives markets across over 140 centralized and decentralized exchanges. The company is dedicated to engineering trading technology and liquidity solutions tailored to the needs of a digitally native economy. Following its global expansion in 2023, the company's revenues grew by 8x in 2024. The extension will bolster ease of access to digital asset liquidity for ETFs and OTC trading solutions through a single point of contact.

‟Guilhem and the entire Flowdesk team have done a tremendous job in creating a hyper-growing, profitable, FinTech powerhouse within the vastly expanding digital asset space. Offering their clients the relevant infrastructure while complementarily adding OTC products and proprietary trading is incredibly smart. We are proud to have partnered with such a capable, experienced and smart founder and management team and strongly believe in Flowdesk as global FinTech Champion”, said Alexander Joel-Carbonell, Partner at HV Capital. 

‟Flowdesk is witnessing strong growth on the back of its successful offering. The company's financial services platform and its innovative Market-Making as a Service business model is improving transparency and liquidity, and sets high standards of practices in the fast-growing digital assets industry. This is fundamental for unlocking the long-term market potential of an emerging ecosystem and asset class”, said Mårten Vading, Managing Director, co-Head of BlackRock Growth Debt. 

Flowdesk has ambitious growth plans for 2025. The funds will be used to scale its OTC derivatives business and launch a dedicated crypto credit desk, broadening its services to meet the evolving needs of the digital asset market. The company will also invest heavily in its proprietary trading infrastructure and double its headcount, reinforcing its position as a leading liquidity provider and OTC trading firm while accelerating its global expansion. The company also intends to invest significantly in compliance and legal to support the maturing guidelines from regulators, notably in anticipation of MICA. Finally, the company is set to open additional offices, notably considering UAE as its next outpost in the middle-east. 

‟Our mission is to build institutional-grade trading solutions for the digital asset ecosystem. We are grateful to have partners and our existing investors backing our ambitious growth plans”, said Guilhem Chaumont, Global CEO of Flowdesk. ‟Tokenization has the potential to transform capital markets on a global scale. This partnership will allow us to continue pursuing our quest to make digital assets accessible to a wider range of institutionalized counterparties.” 

In 2024, Flowdesk served as a Liquidity Provider for various BTC ETF issuers. Today, all BTC ETF funds hold more than $115 billion worth of the cryptocurrency, according to FactSet. ‟Digital asset ETFs mark a pivotal moment in the evolution of crypto,” said Reed Werbitt, US CEO And Chief Revenue Officer of Flowdesk. ‟These ETFs send a strong signal to institutional investors that digital assets are maturing, paving the way for substantial capital inflows from hedge funds, pension funds, and endowments. We look forward to partnering with institutions entering the space through ETFs or any instruments.”

About Flowdesk 

Founded in 2020, Flowdesk is a leading liquidity provider and OTC trading firm. We combine deep financial and crypto expertise with algorithmic trading and our proprietary trading platform to connect digital assets to global liquidity. Our technology is engineered to bring control and transparency to digital asset markets. Flowdesk operates globally with offices in France, Singapore, and the U.S.

Press contact:

Wade Prospere

wade.prospere@flowdesk.co

www.flowdesk.co

About HV Capital 

HV Capital is one of the leading early-stage and growth investors in Europe. With nine fund generations in 24 years and €2.8 bn in managed assets, HV Capital is one of the continent's most active investors. The investment team has many years of experience in identifying European startups with great potential for success. In addition to international success stories like Flix, Zalando, Delivery Hero, Sumup, and Depop, innovation leaders such as Marvel Fusion, Sennder, Neura Robotics, Enpal, and Isar Aerospace are also part of the portfolio. HV Capital has invested in more than 250 internet and technology companies, supporting startups with ticket sizes ranging from €0.5m to €60m. It is one of Europe's few venture capital firms that can finance startups through all growth phases. HV Capital has a team of more than 60+ investment and operations professionals who provide a variety of perspectives and expertise across the venture capital landscape. 

Press contact:

Kasey Davies

kasey.davies@hvcapital.com

www.hvcapital.com