Foley Hoag represented FX HedgePool, a provider of a peer-to-peer matching platform for institutional foreign exchange transactions, in its $8 million Series A funding round. The company intends to use the funds to accelerate a multi-product strategy aimed at delivering further efficiencies for its network of investment managers and banks, including launching the FXHP Innovation Pool, a community in which leaders in finance collaborate to address industry challenges.
FX HedgePool is a platform for mid-market execution of FX swaps that is separating liquidity from credit unlocking potential for buy-side participants to provide liquidity to each other, while leveraging existing counterparty relationships for credit provision. The platform provides passive hedgers with access to a new source of safe and dependable liquidity, eliminating friction for both the buy-side and sell-side.
Foley Hoag attorneys Sara Mattern
and Kyle Adams
represented FX HedgePool in the funding round.