Utila has closed a $22 million Series A extension round just six months after announcing its Series A, bringing its total A round to $40 million and nearly tripling the company's valuation. The extension, led by Red Dot Capital Partners with participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures and SilverCircle, brings the total funding to more than $51 million and reflects the explosive demand for Utila's digital asset operations platform as organizations worldwide adopt stablecoins for payments, treasury management and operational workflows.

Founded in 2022 by Bentzi Rabi (CEO) and Sam Eiderman (CTO), Utila is the secure, all-in-one digital asset operations platform for institutions. Utila enables organizations to securely manage and build on digital assets. Trusted by 200+ global institutions, Utila processes more than $15 billion in monthly volume and has secured over $90 billion in transactions.