Mizar Secures $3 Million in Seed Fund Round Led by Nexo to Develop Next-Gen Smart Trading Tools

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DeFi
Mizar Secures $3 Million in Seed Fund Round Led by Nexo to Develop Next-Gen Smart Trading Tools

Mizar, a next-generation trading platform that puts users’ capital to use by searching for efficient investment strategies recently announced a successful raise of $3 million in its seed funding round.

Mizar Raises $3 Million in Seed Round

In a press release issued on February 25, Mizar announced the successful closing of their seed funding round, raising $3 million to develop an innovative and robust suite of trading tools for all. Notably, the funding round was led by Nexo and witnessed participation from Huobi Ventures, KuCoin Ventures, Gate Labs, MEXC, WOO Ventures, Spark Digital Capital, Shima Capital, Stakely VC, Evolve Capital, Kairon Labs, AU21 Capital, Tenzor Capital, NFT Tech, David Post, and Dean Thomas. For the uninitiated, Mizar is a “next-gen trading platform where traders can search for strategies to securely allocate capital or get access to a wide range of trading tools to put their assets in motion.” Simply put, Mizar allows users to put their idle assets to use by deploying them in attractive investment strategies. Mizar aims to offer sophisticated yet easy-to-use trading tools that are accessible to everyone. Notably, Mizar’s smart trading tools require no prior trading knowledge. Mizar’s wide target audience means everyone, ranging from beginners to seasoned investors can use the platform to put their assets to use. Accordingly, beginners can choose to copy other traders’ strategies with just a few clicks while advanced traders can automate their trades to earn a passive income.

Reducing the Barrier to Entry to Crypto Investment Products

Mizar’s goal is to reduce the entry barriers to crypto investment products that might, otherwise, be a little too technical for normal users to understand. To make investing in crypto products easier, Mizar is offering all its services subscription-free by letting users pay only if they actually trade on the platform. Commenting on the development, Kalin Metodiev, CFA, Co-founder, and Managing Partner at Nexo, said:
“Nexo is pleased to enter into a strategic partnership with Mizar to support the development of smart trading tools and strategies. We believe that the platform will allow even a novice crypto investor to trade with more confidence and explore new strategies, thereby enhancing the user experience during the continuous mass adoption of digital assets.”
Similar sentiments were echoed by Francesco Ciuci, Co-founder, and CEO of Mizar, saying:
“Mizar is thankful for all the quality backers investing in the Mizar Vision. We are excited to announce our partnership with Nexo as lead investor, to support us to develop advanced yet easy-to-use smart trading tools. Mizar is aiming to solve the complexity of trading crypto and improve its accessibility, and Nexo will play an active role in making it possible.”
Aisshwarya Tiwari

Aisshwarya is currently working as the Chief Editor at crypto.news and holds more than 4 years of experience in the digital assets industry. He holds an undergraduate degree in Commerce with Honours and a post-graduate diploma in Liberal Studies. Before entering the crypto industry, Aisshwarya worked as an SAP Consultant for a global IT firm. He also cleared the CFA Level 1 exam before pivoting to the crypto industry due to its novel and exciting propositions.