Startup Solidus Labs Raises $45 Million From Liberty City Ventures

Startup Solidus Labs, which specializes in monitoring market manipulations in the crypto industry, has recently closed a $45 million Series B funding round led by Liberty City Ventures.

Other participants include Evolution Equity Partners, Declaration Partners, former OSS head Brian Brooks and former CFTC chairman Christopher Giancarlo.

According to the company, the funds will be used to increase the number of financial partners and new research and development. Since the beginning of last year, the startup team has increased 4-fold.

The company was founded in 2018 by former Goldman Sachs bankers, who believe the lack of proper controls and risk mitigation tools are the main barriers to the mass adoption of cryptocurrencies.