– Kemet Financial Technologies secures a $5 million financing round led by Further Ventures, with support from Abu Dhabi SWF and Mastercard-backed VC firm.

– Investment reflects the industry’s confidence in Kemet’s innovative digital asset trading infrastructure, attracting key strategic investors like QCP, FalconX, Deribit, and Hyperithm.

– Funding enables Kemet to advance the development of cutting-edge order execution and portfolio management tools, solidifying its position as the top solution for institutional traders, having surpassed $1 billion in trading volume.

Kemet Financial Technologies, a provider of institutional-grade infrastructure for digital asset derivative trading, has announced the closure of a $5 million financing round. 

Spearheaded by Further Ventures, an institutional-focused VC firm with backing from Abu Dhabi SWF and Mastercard, this investment marks a significant vote of confidence in Kemet’s pioneering approach to digital asset trading and its potential to revolutionize the market.

The financing round saw participation from key strategic investors in the digital asset trading and infrastructure sectors, including QCP, FalconX, Deribit, and Hyperithm, with continued support from Csquared Ventures. Notable existing investors such as Flow Traders and BECO Capital also joined the coalition.

Ash Ashmawy, Kemet’s CEO, said, “This financing marks a pivotal moment for Kemet, enabling us to accelerate our mission of delivering the most efficient and comprehensive trading and risk management solutions to our clients. With Further Ventures’ support and our new partners, we are poised to redefine possibilities in the digital asset space.”

Mohamed Hamdy, Managing Partner of Further Ventures, commented, “Kemet embodies the innovative and transformative approach to digital finance that we aim to champion. Their technology holds the potential not only to enhance institutional players’ trading capabilities but also bring greater liquidity and stability to digital asset markets.”

Luuk Strijers, Chief Commercial Officer at Deribit, remarked, “We are highly impressed by Kemet’s offering and the team’s swift execution. “Their advanced options capabilities resonate well within our institutional client base, and their continued focus on institutional needs aligns with our growth strategy, ensuring synergy between our platforms. We anticipate a fruitful collaboration driven by our shared commitment to excellence and innovation in the financial technology landscape.”