Sudrania Fund Services, the leading digital assets fund administrator, closes its convertible financing round led by Woodstock Fund
Sudrania Fund Services, the hyper-growth global leader in digital assets' fund administration, announced the closing of a convertible financing investment round for an undisclosed amount led by Woodstock Fund; an emerging technology venture capital fund investing in distributed ledger technology companies.
CHICAGO, Nov. 18, 2021 /PRNewswire-PRWeb/ -- Sudrania Fund Services, founded in 2016 and led by a team of front and back office alternative investment professionals, has in less than two years become the global leader in digital assets' fund administration on the back of its Seamless Crypto fund administration software and services.
Sudrania has seen a stunning 600% increase in its business in 2021 alone; and seeks to consolidate its status, as an undisputed global leader in digital asset fund services, through significant, aggressive investment in technology and personnel.
Sudrania's vision includes expanding fund administration services for its roster of the most innovative and complex digital assets strategies, ranging from cryptocurrency investing and venture capital, to high-frequency, coin-exchange arbitrage.
In addition to the significant enhancement of its industry-leading cloud application, Seamless Suite, the financing will assist toward the hire of 300 additional staff across its global offices in the United States, Canada, Singapore, and India. Sudrania has enhanced its capabilities across all the major protocols, and its competency in serving managers seeking opportunities in cryptocurrency investing, DeFi, NFTs, and the Metaverse.
Commenting on the deal Co-founder Shalin Madan said, "We are very excited after this round of investment in our company. We have very ambitious plans for growth. This investment allows us to keep up the pace of innovation in the blockchain and digital assets industry. We are the natural fit in the digital assets ecosystem and our enterprise solutions will provide the flexible infrastructure that this constantly evolving metaverse needs."
Founder & CEO Nilesh Sudrania said, "In just a few months, Woodstock has already served as an incredible partner to Sudrania. We are excited to be part of and leverage the Woodstock network in the global blockchain and digital assets community."
Woodstock Founding Partner, Himanshu Yadav went on to say, "Blockchain and crypto is an extremely fast and evolving space and comes with a lot of nuances around accounting and administration for fund managers in this industry. Sudrania's client first approach and the conviction to learn and decode this complex sector has been really impressive, which reflects in their incredible growth numbers. We are looking forward to work closely with Sudrania's team to further accelerate their vision and help them build the right solutions for this space."
About Sudrania Fund Services: Sudrania Fund Services is a global fund administrator based in Chicago, Illinois offering its proprietary Seamless Suite, an award-winning, full-scale cloud-based, fund administration application integrating portfolio, fund accounting and investor reporting to provide best-in-class solutions to both the traditional and alternative investment fund management community. Seamless Suite processes high-frequency trading volumes to deliver daily NAV for hedge funds, digital assets funds, SPVs, mutual funds, private equity funds, Venture Capital funds, impact funds, commodity pools and mortgage funds. Sudrania's operations and technology are SOC 1, SOC 2, and SOC 3 audited, and it currently has over 800 staff across its global offices.
Learn more at http://www.sudrania.com
About Woodstock Fund: Woodstock Fund is a multi-asset global investment fund currently focused on investments in public Distributed Ledger Technology (DLT), Decentralized Finance & Tokenization and Web 3.0 protocols. Woodstock Fund invests in equity, convertibles, and tokens in both private and public markets. Woodstock works at the intersection of technology and value creation alongside its portfolio companies to help them scale and grow their ecosystem. Woodstock has operating teams in India, United Arab Emirates, and the United States.
Learn more at https://woodstockfund.com
Media Contact
Lea Kuhry, Sudrania Fund Services, +1 954-305-3753, [email protected]
SOURCE Sudrania Fund Services
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