Architect Financial completes $35-million financing

Executive Summary

• Architect Financial Technologies Inc. has completed a $35 million Series A investment round to accelerate the growth of AX, its centralized exchange for perpetual futures on traditional asset classes.
• The round was anchored by Miami International Holdings, Inc. (NYSE: MIAX) and Tioga Capital, with participation from major financial firms including Galaxy Ventures, ARK Invest, VanEck, and Coinbase Ventures.
• The financing follows previous capital raises, including a $5 million preseed round in 2023 and a $12 million seed round in 2024.

Key Details

• Transaction Type: Strategic Series A Investment Round.
• Total Amount Raised: $35 million.
• Lead Investors: Miami International Holdings, Inc. (NYSE: MIAX) and Tioga Capital.
• Participating Investors: Galaxy Ventures (Nasdaq/TSX: GLXY), ARK Invest, VanEck, Trumid, Geneva Trading, and other trading firms.
• Renewed Support: Coinbase Ventures (Nasdaq: COIN), Strobe Ventures, CMT Digital, and Third Kind Venture Capital.
• Adviser: Broadhaven served as adviser to the transaction.
• Use of Proceeds: To accelerate the growth of AX, the financial industry's first centralized exchange for perpetual futures on traditional asset classes.
• Product Details: AX offers institutional clients perpetual contracts on foreign currencies, interest rates, single stocks, stock indexes, metals, and other commodities.
• Regulatory Status: Operated by Architect Bermuda Ltd., regulated under the Bermuda Monetary Authority.
• Historical Funding:
  • $5 million preseed round completed in 2023.
  • $12 million seed round completed in 2024.

Notable Quotes

• "Our team is excited to initiate AX's next critical phase of growth with the support of this strong group of strategic partners. We are grateful for their expertise and guidance as we advance toward the shared goal of catalyzing a new era in global derivatives trading." — Brett Harrison, Founder and CEO of Architect.