Seed CX rebrands to Zero Hash, raises Series C to fund settlement pivot
Summary
Zero Hash — formerly the crypto derivatives exchange known as Seed CX — announced Wednesday that it has closed a Series C fundraising round to help it further build out its settlement-as-a-service business. Revealed exclusively to The Block, the firm is hoping the fresh cash injection will help it reach profitability by the end of the year. Chief executive officer Edward Woodford declined to comment on how much was raised. Investors in the round include broker-dealer Tastyworks, the active trader-aimed options platform led by Tom Sosnoff, as well as The Small Exchange, Bain Capital, Trade Station, CMT Digital and Monday Capital. A filing with the Securities and Exchange Commission shows the round was raised via debt, bringing in at least $3,750,000.