Top list · Worldwide
41 trading infrastructure startups worldwide have raised money in rounds we track. These are the 41 that have raised the most, $1.3B between them, with the United States the most common home.
Alpaca is a brokerage infrastructure company based in San Mateo, California, that specializes in providing an API-first platform for commission-free trading.
Founded 2017San Mateo, United States$513Mlast round Jul 2026Kana Labs is an England-based blockchain infrastructure platform that offers solutions such as cross-chain spot trading and smart wallets for individuals.
Founded 2022London, United Kingdom$200Mlast round Nov 2023zerohash is a B2B digital asset infrastructure provider based in Chicago, Illinois, founded in 2017.
Founded 2017Chicago, United States$104Mlast round Sept 2025Gnosis is a blockchain infrastructure company and DAO-builder founded in 2015, operating as a comprehensive Web3 ecosystem.
Founded 2017Berlin, Gibraltar$100Mlast round Jul 20220x is a blockchain technology company based in San Francisco, founded in 2016 by Will Warren and Amir Bandeali.
Founded 2016San Francisco, United States$70Mlast round Apr 2022BCB Group is a regulated financial services firm based in London, UK, founded in 2017.
Founded 2017London, United Kingdom$59Mlast round Jan 2022Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built on Arbitrum.
Founded 2022George Town, Cayman Islands$52Mlast round May 2026BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated
Founded 2013Palo Alto, United States$28Mlast round Jan 2024Tradier is a cloud-based financial technology and brokerage firm based in Charlotte, North Carolina.
Founded 2012Charlotte, United States$28Mlast round Apr 2023Templum is an institutional-grade technology platform, infrastructure, and network for capital raising and secondary trading.
Founded 2017New York, United States$24Mlast round May 2026Utila is a digital asset infrastructure platform founded in 2022, designed for fintechs, financial institutions, and Web3 builders.
Founded 2022New York, United States$22Mlast round Sept 2025SynFutures is a decentralized exchange (DEX) and financial infrastructure provider focused on decentralized derivatives trading.
Founded 2020Singapore, Singapore$22Mlast round Oct 2023Exegy is a financial technology company that specializes in ultra-low-latency market data and trading infrastructure solutions.
Founded 2003St. Louis, United States$17Mlast round Feb 2013Caplight is a financial technology company based in San Francisco, California, founded in 2021.
Founded 1986San Francisco, United States$16Mlast round Jun 2026Fractal Power is a vertically integrated renewable energy company based in New York, NY, with a secondary location in Austin, TX.
Founded -New York, United States$9.8Mlast round Jan 2026Bitlight Labs is a new ecosystem based on the RGB protocol deployed on the BTC Lightning Network, with a primary focus on implementing the trading infrastructur
Founded 2023London, United States$9.6Mlast round Sept 2025RabbitX is a crypto trading platform that specializes in perpetuals and liquidity provision.
Founded 2021New York, Singapore$8.5Mlast round Jan 2022BULK is a trading engine.
Founded --$8.0Mlast round Sept 2025Warlock Labs is a crypto-native software company based in Amsterdam, Netherlands.
Founded -Netherlands$8.0Mlast round Mar 2025Hibachi is a blockchain-based trading company focused on creating the first stablecoin-native FX exchange.
Founded 2023New York, United States$5.0Mlast round Mar 2025Konomi Network is a decentralized financial protocol built on Substrate, operating within the Polkadot ecosystem.
Founded 2017Singapore, Singapore$5.0Mlast round Mar 2021Orderly Network is a next generation trading infrastructure.
Founded 2022Bahamas$5.0Mlast round Aug 2024Flashnet is a company specializing in Bitcoin infrastructure, orchestration, and decentralized exchange.
Founded 2024Los Angeles, United States$4.5Mlast round Feb 2025GoQuant is a Miami-based fintech company founded in September 2022 by Denis Dariotis.
Founded 2022Miami, United States$4.0Mlast round May 2025Shorter Finance is a 100% on-chain infrastructure from IPI Labs.
Founded 2017New York, United States$4.0Mlast round Apr 2022Canxchange is a London-based B2B market infrastructure and electronic trading platform that specializes in transactions for industrial hemp, CBD, and medical cannabis.
Founded 2019London, United Kingdom$3.9Mlast round May 2025Tread.fi provides high-performance algorithmic trading infrastructure for institutional digital asset firms.
Founded 2022New York, United States$3.5Mlast round Jul 2024BridgePort is an institutional fintech infrastructure company that specializes in middleware solutions for the crypto market.
Founded 2024New York, United States$3.2Mlast round Jul 2025Trever serves powerful digital asset infrastructure for financial institutions across Europe.
Founded 2019Graz, Austria$2.6Mlast round Jul 2024Elys Network is a Singapore-based Web3 and DeFi company that aims to provide a user-centric finance experience on blockchain infrastructure.
Founded 2022Singapore, Singapore$2.5Mlast round Jun 2024ULTRADE is a Web3 and DeFi trading infrastructure company that provides a whitelabel, DeFi-as-a-Service platform for launching branded trading experiences.
Founded 2021New York, United States$2.4Mlast round Sept 2022Januar is a regulated EEA Payment Institute based in Copenhagen, Denmark, focused on providing financial infrastructure for crypto and web3 businesses across Europe.
Founded 2020Copenhagen, Denmark$1.6Mlast round Feb 2024AI Powered Trading Infrastructure for Digital Assets
Founded 2023-$1.1Mlast round Mar 2024Atomic Vaults is a financial services and fintech company founded in 2021 and based in the United States.
Founded 2021San Francisco, United States$1.0Mlast round Jan 2022FLOWTRADE is AI-native trading infrastructure that converts predictive intelligence into governed execution.
Founded 2022Charlotte, United States$600Klast round Dec 2024Stoa is building pricing and trading infrastructure for AI infrastructure assets, starting with GPU hardware.
Founded 2026San Francisco, United States$500Klast round Jun 2026CrypDefi is a Belgium-based fintech startup founded in 2024, specializing in self-custody execution infrastructure for institutional trading firms, particularly
Founded 2024Brussels, Belgium$350Klast round Aug 2025World-Class Expertise Our platform is born from collaboration between technologists, quantitative analysts, and systems engineers who have spent decades buildin
Founded 2025London, United Kingdom$330Klast round Dec 2025THETA Trading Systems is a financial technology firm based in London, England, specializing in capital markets infrastructure.
Founded 2019United Kingdom$173Klast round Jun 2021NettyWorth is a blockchain and AI-powered loan infrastructure company based in San Francisco.
Founded 2021San Francisco, United States$116Klast round Jan 2024The Exchangery offers a unique approach to starting a commodities exchange.
Founded 2011Chicago, United States$75Klast round Jun 2011Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.
Open any company for its rounds and investors, or search the investors who back trading infrastructure startups worldwide in the app, with filters, lists and exports.
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BAI startups that raised in 20262,922 companies · $540B in 2026
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