Senator Gillibrand's son raises $30M from Lux Capital to launch perpetual futures exchange APEC
By
Ben Weiss
Summary
Theodore Gillibrand, the 22-year-old son of pro-crypto Senator Kirsten Gillibrand (D-N.Y.), has raised $30 million in a funding round led by Lux Capital to launch American Perpetuals Exchange Corp. (APEC), a derivatives exchange focused on perpetual futures ("perps") — a type of derivative popular among digital asset traders. The startup is valued at $300 million. The Stanford graduate's platform aims to list perpetual futures, which are popular in crypto trading.
Source
bskySenator Gillibrand's son raises $30M from Lux Capital to launch perpetual futures exchange APECfortune.comKey quotes
· 3 pulledTheodore Gillibrand, whose mother is Sen. Kirsten Gillibrand (D-N.Y.), has drummed up $30 million in a fundraise led by the venture firm Lux Capital, according to two sources familiar with the matter.
The deal valued Theodore's startup at $300 million, said the sources, who asked for anonymity to discuss private business dealings.
Dubbed American Perpetuals Exchange Corp., or APEC, the trading platform aims to list perpetual futures, or 'perps,' a
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