BitOoda Holdings, a Jersey City, NJ-based digital asset financial services platform that combines digital finance and applied science, closed a $7m seed funding round.
The backers were Dr. Gary Ross, former Head of Global Oil Analytics and Chief Energy Economist at S&P Global Platts, as well as founder of PIRA Energy; Calvin Schlenker, former Head of North American Natural Gas Trading at British Petroleum; and Roy Salame, former Managing Director, Head of Global Investment Opportunities Group, and Head of Commodities Sales and Structuring at J.P. Morgan.
The company intends to use the funds to expand its business reach globally.
Led by founder and CEO Tim Kelly, BitOoda is a digital asset platform company whose core expertise is providing institutions with capital markets advisory, product engineering, and brokerage solutions. The company currently offers a financial swap, a physical hashpower contract, and business lines in advisory services and next-generation financial solutions.