Arma Partners advises Tesseract on its growth capital raise
Jun 2021
growth investment by
  • Sector: Fintech, WealthTech & InsurTech
  • Deal Type: Private Capital; Founder-led Businesses
  • Engagement type: Fundraise
  • Size: <$200m

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Tesseract on a Series A growth capital raise led by Augmentum Fintech. Other investors in the round include Blackfin Capital Partners, Coinbase Ventures, DN Capital, Sapphire Ventures as well as other existing investors.

Helsinki-based Tesseract is a leading institutional digital asset lending company. Tesseract has experienced explosive growth over the past year with over 20x growth year on year. Tesseract bridges institutional capital flows between fiat and crypto currencies with core products in margin lending, OTC lending, partnerships with retail trading platforms and decentralised finance.

This funding is a significant milestone for Tesseract and one of the largest Series A investments in Finland to date. The funding will be aimed towards developing institutional products, hiring new talent as well as developing their cross-margin prime lending platform.

This transaction underlines Arma Partners’ position as a market-leading advisor on private capital funding mandates through its Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally. The transaction also highlights Arma Partners’ interest in the Crypto sector and our strong footprint in the Nordics.