Euklid announces €10m seed valuation; sets sights on global expansion
23rd November 2016
Level39 member Euklid, who are developing the investment bank of tomorrow based on AI and blockchain, has announced their seed round and arrival at Canary Wharf to launch their international strategy.
The raised funds of € 400k in exchange of 3-4% of the business, are being used for establishing a new company in the UK and a reserved alternative investment fund (RAIF) in Luxembourg.
Founder Antonio Simeone says London and Level39 will provide the ideal ecosystem: “Here we can meet the needs of new investors and rely on an innovative and efficient financial industry also thanks to a lighter regulatory environment.”
The company started with tech that predicted the fluctuations of digital currency – but now they’re developing a completely autonomous and transparent investment bank run by AI.