Mizar raises $3M to build next gen smart trading tools

Mizar has closed their seed funding round, raising $3 million to build the next generation smart trading tools for common use, Invezz learned from a press release.

Nexo (NEXO/USD) led the financing for the round, with participation from KuCoin Ventures (KCS/USD), Huobi Ventures, Gate Labs, Spark Digital Capital, Shima Capital, MEXC, WOO Ventures, Stakely VC, Evolve Capital, Tenzor Capital, NFT Tech, Kairon Labs, AU21 Capital, David Post, and Dean Thomas.

What is Mizar?

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Mizar is a next-gen trading platform that allows users to seek out strategies for secure capital allocation. It also enables access to a wide variety of trading tools to put their assets in motion. Mizar’s goal is to deliver simple, yet advanced trading tools to the general public, which can be used without prior trading knowledge.

Broad group of potential customers

Investors who want to reduce their risk by managing their portfolios with smart functions, beginners who want to invest in other traders’ strategies easily, and advanced traders who want to automate their trades and be copied to earn a passive income are all among the platform’s potential users.

What’s more, all of this will be subscription-free. You only pay if you actually perform or trade.

Francesco Ciuci, Co-Founder and CEO of Mizar commented:

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.

Kalin Metodiev, CFA, Co-Founder and Managing Partner at Nexo, added:

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.

The future for Mizar

Mizar will focus on fortifying their current core partnerships and community while attracting high-quality talent. The funds will further the goal of making smart trading tools widely accessible.