Odaily News Theo, a quantitative trading startup, announced that it has completed a $20 million financing. The platform is committed to providing ordinary investors with the strategic returns that originally belonged to high-frequency trading companies. The company was co-founded by former Optiver traders Abhi Pingle and TK Kwon. In March 2024, it received a $4.5 million seed round of financing led by Manifold Trading. In April 2025, it received an additional investment of $15.5 million led by Hack VC and Anthos Capital. Other investors include Flowdesk, Selini Capital and individual investors from institutions such as Citadel and JPMorgan Chase. (Fortune)