The news: Seattle cryptocurrency startup Strix Leviathan has spun out a new robo-advisor company called Makara.
The tech: Makara aims to make it more simple to invest in digital assets by creating “thematic baskets” that can meet various goals and interests such as the largest coins or emerging trends. The company hopes to capitalize on growing interest in cryptocurrency such as Bitcoin. It recently received SEC approval to be a registered investment advisor (RIA).
Strix background: Makara uses trading technology originally built for Strix Leviathan. Founded in 2018 by Blue Box founder Jesse Proudman, Strix is a cryptocurrency trading and management service for enterprises and institutions. The company has raised about $3 million in funding and has 12 employees. Proudman and co-founder Sadie Raney are also the co-founders of Makara. They recently brought on Bend, Ore.-based entrepreneur Matt Kern as CTO and president of Makara.
Update, April 26: Makara announced it has raised $2 million from undisclosed investors to help support its general release and add employees.
Update, June 1: Makara launched its mobile app.
