Citadel-Backed Hidden Road Partners Targets $120M in Series B

Hidden Road Partners, Citadel Securities-backed prime brokerage, plans to raise $120 million in its Series B funding round, aiming for a market valuation of $1 billion. According to a Bloomberg report, sources familiar with the matter, who requested anonymity due to the information sensitivity, stated that the Citadel Securities-backed prime brokerage firm is seeking to expand its offerings in the cryptocurrency and foreign exchange markets. The round is currently projected to raise about $120 million, according to two of the people. The Series A was led by Castle Island Ventures. Hidden Road offers prime-brokerage services across multiple markets, such as foreign exchange, precious metals, and digital assets. 

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