Deals
Durant, Andreessen Bet on Titan, Valuing Startup at $450 Million
- Will Smith, Jared Leto are among company’s new backers
- Titan to launch crypto in addition to U.S., offshore stocks
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Titan Global Capital Management Inc., a fintech startup whose “end goal” is to become this century’s answer to Fidelity Investments and BlackRock Inc., raised $58 million in a round led by Andreessen Horowitz.
Existing investors General Catalyst, BoxGroup and Ashton Kutcher’s Sound Ventures participated in the funding round, as did professional athletes Kevin Durant and Odell Beckham Jr. and actors Jared Leto and Will Smith. The transaction valued Titan at $450 million, according to people with knowledge of the matter.