Funding of $52M granted in Flowdesk's Series B extension, speeding up their strategic growth endeavors
**Flowdesk Secures $52 Million Series B Extension and $100 Million Credit Facility**
Flowdesk, a leading crypto market maker, has announced a significant expansion of its operations with a $52 million Series B extension and a $100 million credit facility from Two Prime Lending. This funding will fuel the company's growth, particularly in the crypto credit market and the Middle East region.
HV Capital led the equity round, with participation from private equity firms Eurazeo, Cathay Innovation, and ISAI VC. Notably, as part of the equity financing agreement, HV Capital will get a board seat at Flowdesk. Around 80% of the fresh capital was raised as equity, while the remaining 20% is structured as debt.
The $52 million Series B extension will be primarily used to establish a new credit desk and open an office in the United Arab Emirates (UAE). The credit desk will cater to institutional clients, providing enhanced liquidity and capital-efficient trading infrastructure in the crypto credit markets. The new UAE office will help Flowdesk expand its global presence and better serve clients in the Middle East region.
In addition to the Series B extension, Flowdesk also secured a $100 million credit facility from Two Prime Lending. This facility, backed by bitcoin collateral, will support the company's continued global expansion and infrastructure scaling, helping Flowdesk meet growing liquidity demands and digital asset trading needs responsibly and efficiently.
Guilhem Chaumont, co-founder and CEO of Flowdesk, credited his company's "financial health" as an enabling factor for choosing debt as a financing option. He stated on LinkedIn that they are developing solutions that are transparent, scalable, fast, and competitive, covering a wide range of assets from major cryptocurrencies to meme coins, and eventually tokenized securities.
Flowdesk offers a variety of crypto trading services, including market making, liquidity provision, OTC trading, brokerage, and treasury management. The strategic move to scale its balance sheet sustainably with debt financing is expected to further strengthen Flowdesk's institutional offerings worldwide.
While no direct, detailed public disclosures on the exact timeline or specific product features of the credit desk or UAE office were found, the announcement marks a significant step in Flowdesk's growth and commitment to the crypto market.
[1] Source: Flowdesk's official press release [2] Source: HV Capital's official press release [4] Source: Two Prime Lending's official press release
News about Flowdesk's expansion includes investments in both equity and debt, with HV Capital leading the equity round and Two Prime Lending providing a credit facility. This finance will be utilized for establishing a new credit desk for institutional clients, focusing on the crypto credit market, and opening an office in the United Arab Emirates (UAE) to expand business in the Middle East region. Moreover, the $100 million Two Prime Lending credit facility is backed by bitcoin collateral, further fueling the company's growth and infrastructure scaling in the field of investing and business.
