On February 14th, Taurus, a provider of digital asset infrastructure solutions for financial institutions in Europe, announced that it had successfully raised $65 million in a Series B capital raise. The funding round was led by Credit Suisse. It included the participation of several other institutional investors, such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Taurus plans to use the funds raised to execute its growth strategy across three primary areas. Firstly, the company aims to recruit top engineering talent to continue developing its platform. Secondly, Taurus will expand its sales and customer success organization to enhance its infrastructure solutions with new offices in Europe, the UAE, and later in the Americas and Southeast Asia. Lastly, the company plans to maintain the most rigorous security, risk, and compliance requirements across its product lines, processes, and organizations.
These partnerships enable Taurus to offer digital asset infrastructure solutions to a broad range of clients across various industries, ensuring secure and reliable handling of their digital assets. Taurus has forged partnerships with more than 25 financial institutions and corporate clients spanning eight countries and three continents. Its clientele includes a diverse range of financial institutions, such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.
