The founders of the now-defunct crypto hedge fund, Three Arrows Capital (3AC) and co-founders of CoinFLEX (which filed for restructuring last year) are teaming up to raise $25 million to establish a new crypto exchange called GTX.
The launch of this new exchange comes two months after the infamous collapse of leading crypto exchange FTX, which left over a million creditors without compensation. The name of the exchange, GTX, is even a play on FTX, with one pitch deck opening with the line “because G comes after F.”
Regardless of the surrounding controversy, the GTX pitch deck offers unique insight into how repeat founders can bounce back from a failed startup and raise funding from investors for new ventures.
2023 • Seed
GTX is a new crypto exchange & claims startup by the founders of 3AC and CoinFLEX.
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