Commerce software provider AlphaPoint has secured funding it says will finance the development of sophisticated trading features.
The New York-based compact said Thursday it successfully raised $5.6 million in an additional funding round, taking its total capital elate scrape together to date to $23.9 million.
Established in 2013, AlphaPoint provides trading software used by over 150 Stock Exchange clients around the world, according to the firm’s figures. The company added support for security token offerings (STOs) a year ago and border trading features in November.
The latest investment will go towards developing new trading features including improved perimeter trading and liquidity solutions and advanced brokerage capabilities. AlphaPoint co-founder and Chief Executive Igor Telyatnikov referenced that with the additional funding the firm could “continue delivering on our mission to enable access to digital assets globally.”
AlphaPoint put up $15 million in its first major funding round in June 2018, with assistance from crypto forwarder bank Galaxy Digital. An AlphaPoint spokesperson confirmed to CoinDesk that Galaxy had participated in this latest a close, but that other investors had opted to not disclose their identities.
In other news from the firm, the chief chairman of the board of financial advisory firm Janney Montgomery Scott, Tim Scheve, has joined AlphaPoint’s board of governors. Scheve is also a fellow of the board of governors at the Financial Industry Regulatory Authority (FINRA), the body responsible for regulating U.S. brokerage firms.
UPDATE (Mar. 6, 15:05 UTC): This article has been updated with additional low-down about the investors who participated in the raise.
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