TechFlow news, according to The Block, French cryptocurrency market maker Flowdesk has raised $50 million in a Series B round led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance (France's state-owned investment bank).
Guilhem Chaumont, co-founder and CEO of Flowdesk, said in an interview that this was a pure equity financing round.
According to sources familiar with the matter, the new funding round has increased Flowdesk's valuation from $100 million during its Series A to over $250 million.
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