Spiko's NEA-led round takes total funding to €106.7 million
The Paris and London company raised €80.03 million for its regulated cash fund platform; the source reports no valuation or stated use of proceeds.
Spiko’s €80.03 million Series B brings its total funding to roughly €106.7 million, according to the funding report. The Paris and London company designs and distributes regulated cash funds through web, mobile and API access. New Enterprise Associates (NEA) led the round, while the report does not state a valuation or a planned use for the proceeds.
The report presents this financing as a company funding round, with no regulator or legal proceeding identified. It describes Spiko’s products as regulated cash funds and says they are issued using blockchain infrastructure. No named authority, legal status or date of regulatory action appears in the material provided.
The company operates cash funds
Spiko’s funds are available in euro, dollar, pound sterling and Swiss franc, according to the report. Customers can access them through a web service or mobile app, and financial platforms can embed them through an API. An API is a software connection that allows one service to be used within another product.
The company says blockchain infrastructure makes its cash funds programmable. In its example, a company can establish treasury rules and have Spiko execute them continuously, including shifting idle cash into funds that earn a yield. These are descriptions of the platform’s capabilities as reported, rather than details of a separate regulatory decision.
The financing followed an earlier round
Spiko raised €18.9 million in a Series A in July 2025, before the €80.03 million Series B. The latest funding takes total funding to roughly €106.7 million, as stated in the source. The Series B was led by NEA, and Index Ventures, Speedinvest and White Star Capital returned as existing investors.
The broader group of participants named in the report includes Bpifrance, Flourish Ventures, Shapers, Blockwall, Frst, EQNX, Mirana Ventures and Wintermute Ventures. Axel Weber and the founders of Qonto are also identified as angel participants. The report says NEA manages more than €33.78 billion in assets; this describes the investor and is separate from Spiko’s financing.
Spiko reports platform growth
The company was founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon. Hyppolite is described as a former Deputy Head of the Financial Markets division at the French Treasury, while Michon is described as a former technology adviser to the French government who previously led deployments at Palatir. Hyppolite is identified as co-founder and CEO.
The report states that Spiko had more than €2.4 billion in assets under management and records a more than fivefold increase over the preceding 12 months. It also says the platform had become the world’s largest issuer of tokenised cash funds, ahead of BlackRock and Franklin Templeton. These operating and market position statements are attributed to the source’s account of Spiko.
No regulator action is described
The supplied material does not identify an authority, a regulatory decision or an application date connected with the funds. It describes the products as regulated but does not name the applicable legal framework or give further detail about authorisation. Spiko’s response to any regulatory action cannot be included because the source reports no such action. Any assessment of the precise legal status would require information beyond the funding report.