Brett Harrison, Former FTX President, Has Raised $5 Million for New Cryptocurrency Firm

  1. Home
  2. Startup News
  3. Brett Harrison, Former FTX President, Has Raised $5 Million for New Cryptocurrency Firm
Brett Harrison FTX President

Former FTX US President Brett Harrison has raised $5 million for his new cryptocurrency startup. Given his tight association with Sam Bankman-Fried and his failing bitcoin exchange, the former CEO is working hard to lay out his next steps with his new business, Architect.

The vast list of contributers to the startup’s pre-product funding round includes Coinbase Ventures, Circle Ventures, SV Angel, SALT Fund, P2P, Third King Venture Capital, and Motivate Venture Capital. On top of that, Skybridge founder and former White House communications director Anthony Scaramucci and Kalos Labs CEO Shari Glazer have joined in as angel investors.

Brett Harrison

Harrison’s new initiative and new funding round came after the former president of FTX US announced his resignation from the firm and his connection with co-founder Sam Bankman-Fried. He previously stated that his relationship with Bankman-Fried “had reached a point of utter degradation.”

He went on to explain that it was difficult for Architect for raise funds after the downfall of FTX. However, Brett Harrison believes his long-standing relationship with investors has helped his new project gather its initial finance.

Even then, numerous individuals on Twitter voiced concern over Harrison’s background, citing his prior role at FTX US, even if Architect may be looking to the future of Web3.

If You Liked This, You May Also Enjoy – The MetaVerse: Future & Potential Benefits
Amit Khanna

Amit Khanna, 7startup Founder


Amit has 18 years of experience in the industry and an MBA. He supports entrepreneurs with every aspect of their business including concept and product development, investor presentations, and fundraising. Amit & 7startup assist startups in the pre due-diligence process and help connect them to our vast network of investors. Reach out to us today and see if we’re a fit!

Total Addressable Market
Precision Targeting: Total Addressable Market
In the world of venture capital, assessing the size of the market or Total Addressable Market (TAM) is paramount when evaluating startups. Given the high failure rate of startups, it…
Enterprise SaaS
Enterprise SaaS: What Does The Future Hold
In the midst of a tumultuous 2022 for European tech, one sector emerged victorious and continued to surpass funding records. Enterprise SaaS, the backbone of modern businesses, secured $17.8 billion in…
The ChatGPT Effect
OpenAI’s ChatGPT release stirred the tech world, spurring investors and startups to exploit its potential. This blog analyses the ChatGPT Effect: AI stock surges and generative AI startup interest. AI…