Portofino Technologies
Building financial infrastructure technology to power digital asset adoption.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $50.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 19 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Portofino Technologies, established in Switzerland in 2021, operates as a financial infrastructure technology provider focused on the digital asset market. The firm was founded by Chief Executive Officer Leonard Lancia and Chief Operating Officer Alex Casimo, both of whom previously held leadership roles at Citadel Securities. Their background in traditional finance, specifically in high-frequency trading (HFT), informs the company's core strategy of building institutional-grade infrastructure for the crypto space. Lancia has 15 years of experience leading HFT desks, including heading systematic options market making in Europe for Citadel Securities, while Casimo also brings extensive experience from his time at the same firm.
The company's primary business involves providing liquidity as a market maker on major centralized and decentralized cryptocurrency exchanges. Portofino develops and deploys its own high-frequency trading technology, which utilizes advanced machine learning and stochastic control techniques to offer competitive pricing. This technology underpins its three main business segments: electronic market making, over-the-counter (OTC) trading, and token services. Its client base consists of institutions, Web3 projects, major banks, trading platforms, and brokers that require liquidity in digital assets. By serving these entities, Portofino facilitates smoother transactions and supports the infrastructure of the digital asset economy.
A significant milestone was achieved in September 2022, when Portofino announced it had raised over $50 million in equity funding from prominent venture capital firms Valar Ventures, Global Founders Capital, and Coatue. This capital injection was aimed at accelerating growth and expanding operations. Since its launch, the company has processed billions of dollars in trading volume. In February 2024, its UK subsidiary became a Registered Cryptoasset Firm with the Financial Conduct Authority (FCA), a key development that allows it to trade directly with institutional investors in the United Kingdom.
Keywords: digital asset liquidity, crypto market maker, high-frequency trading, OTC crypto trading, Web3 infrastructure, institutional crypto services, token services, cryptocurrency trading technology, liquidity provisioning, centralized exchanges, decentralized exchanges, financial infrastructure, Alex Casimo, Leonard Lancia, Citadel Securities, Valar Ventures, Global Founders Capital, Coatue
