Bengaluru and San Francisco-based crypto asset management platform Mudrex has raised $2.5 million in seed funding.
The round was led by Nexus Venture Partners with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal.
The funds raised will help Mudrex in scaling up the team and operations, acquiring global regulatory compliances, and creating innovative products.
Company: Mudrex Inc.
Round: Seed Round
Funding Month: August 2021
Lead Investors: Nexus Venture Partners
Additional Investors: Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal
Company Website: https://mudrex.com
Software Category: Crypto investing platform
About the Company: Launched in 2018 by IIT Bombay Alumni Edul Patel, Rohit Goyal, Alankar Saxena, and IIT Kanpur alumnus Prince Arora. Mudrex was built with the idea of revolutionizing retail participation in crypto. It helps people invest in cryptocurrencies in a hassle-free and safe environment, using top algorithms. Mudrex hosts over 25,000 active portfolio managers acquired both organically through a referral system and has witnessed more than $1 billion in trading on the platform. The company at present holds an AUM of $15 million and counting.