Talos’ $105 Million Series B Financing

Fenwick represented Talos on the deal, while Paul, Weiss, Rifkind, Wharton & Garrison represented General Atlantic.

Talos, a premier provider of institutional digital asset trading technology, announced its $105 million Series B funding round that values the company at $1.25 billion. The round was led by General Atlantic with participation from new investors Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, DRW Venture Capital, SCB 10x, Matrix Capital Management, Fin VC, Voyager Digital, Graticule Asset Management Asia (GAMA) and LeadBlock Partners. Existing investors Andreessen Horowitz, PayPal Ventures, Castle Island Ventures, Fidelity Investments, Illuminate Financial, Initialized Capital, and Notation Capital also participated.

Talos will use the new funding to scale and diversify the firm’s industry-leading institutional-grade digital asset platform and to accelerate its expansion into APAC and Europe.

The Fenwick transaction team was led by corporate partner Allison Cooper (Picture) and included associates James Clarkin-Breslin and Anja Kong and paralegal Andrew Ancheta.

The Paul, Weiss team included corporate partners Matthew Abbott, Cullen Sinclair and Manuel Frey and counsel Hilary Christian; tax partner Robert Killip; executive compensation partner Jarrett Hoffman; litigation partners Jessica Carey and Roberto Gonzalez and counsel Peter Jaffe, Steven Herzog and Rachel Fiorill; intellectual property partner Jonathan Ashtor; and antitrust counsel Marta Kelly.

Involved fees earner: James Clarkin-Breslin – Fenwick & West LLP; Allison Cooper – Fenwick & West LLP; Matthew Abbott – Paul Weiss Rifkind Wharton & Garrison; Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Jessica Carey – Paul Weiss Rifkind Wharton & Garrison; Hilary Christian – Paul Weiss Rifkind Wharton & Garrison; Rachel Fiorill – Paul Weiss Rifkind Wharton & Garrison; Manuel Frey – Paul Weiss Rifkind Wharton & Garrison; Roberto Gonzalez – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Robert Killip – Paul Weiss Rifkind Wharton & Garrison; Cullen Sinclair – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Fenwick & West LLP; Paul Weiss Rifkind Wharton & Garrison;

Clients: General Atlantic; Talos Energy LLC;

Martina Bellini

Author: Martina Bellini