🏆 Deal of the Week · CW 20/2022
Elwood Technologies raised USD 70 million in a Series A round at a valuation of USD 430 million, announced in May 2022. The round was co-led by Goldman Sachs and Dawn Capital. The raise positions Elwood as one of the better-capitalised institutional digital asset infrastructure businesses in Europe.
Elwood Technologies — key deal facts
| Company | Elwood Technologies |
| Founded | 2020 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 70M |
| Valuation | USD 430M |
| Round | Series A |
| Investors | Barclays (https://home.barclays/news/2019/2/barclays-uk-ventures–developing-business-models-for-the-future-/) BlockFi (https://blockfi.com/) Chimera Investment (https://www.chimerareit.com/websites/chimera/English/1000/investor-relations.html) CommerzVentures (https://commerzventures.com/) Dawn Capital (https://dawncapital.com/) Digital Currency Group (https://dcg.co/) Flow Traders (https://www.flowtraders.com/) Galaxy Digital (https://www.galaxydigital.io/) Goldman Sachs (https://www.goldmansachs.com/) |
| Sectors | FinTech |
Who invested in Elwood Technologies?
The Series A attracted nine institutional investors: Barclays, BlockFi, Chimera Investment, CommerzVentures, Dawn Capital, Digital Currency Group, Flow Traders, Galaxy Digital, and Goldman Sachs. The investor mix is notable for combining bulge-bracket banking (Goldman Sachs, Barclays) with specialist crypto-native firms (Digital Currency Group, Galaxy Digital, BlockFi) and established European venture capital (Dawn Capital, CommerzVentures). This breadth signals cross-sector conviction in institutional-grade digital asset infrastructure.
What does Elwood Technologies do?
Elwood Technologies, founded in 2020 and headquartered in London, United Kingdom, builds institutional-grade digital asset trading infrastructure. Its core platform delivers an integrated OMS/EMS/PMS solution accessible via a single API, covering execution, portfolio management, and risk analytics across 24/7 digital asset markets. The product suite includes advanced algorithmic trading tools, real-time P&L reporting, and comprehensive risk controls designed specifically for institutional counterparties seeking regulated exposure to digital assets. The company also operates offices in New York and Singapore, with James Stickland serving as CEO.
Elwood Technologies valuation & multiples
No existing multiples analysis was provided for this deal. Once EV/Sales and EV/EBITDA benchmarks are available for the FinTech – digital asset infrastructure segment, they will be published here. For current comparable valuation ranges, visit the Venionaire DealMatrix FinTech sector multiples pages.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Elwood Technologies raise in its Series A?
Elwood Technologies raised USD 70 million in its Series A round, announced in May 2022.
What is Elwood Technologies's valuation?
Elwood Technologies was valued at USD 430 million at the time of its Series A closing.
Who invested in Elwood Technologies?
The round was co-led by Goldman Sachs and Dawn Capital, with additional participation from Barclays, BlockFi, Chimera Investment, CommerzVentures, Digital Currency Group, Flow Traders, and Galaxy Digital.
When was Elwood Technologies founded and where is it based?
Elwood Technologies was founded in 2020 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.