Gate.io News bot message, "Fortune" reported that the crypto startup Theo has completed a $20 million financing. This financing was conducted in two rounds: In March 2024, the quantitative investment firm Manifold Trading led a $4.5 million seed round; subsequently, the crypto asset investment firms Hack VC and Anthos Capital led a $15.5 million round. Theo was co-founded by former Optiver and IMC Trading employees Abhi Pingle and his brother Arijit Pingle, along with TK Kwon. The company is dedicated to developing high-frequency trading (HFT) strategies for ordinary investors.