Breakout, a cryptocurrency proprietary trading company, has completed a $4.5 million seed funding round.

Cryptocurrency proprietary trading firm Breakout Trading Group has raised $4.5 million in a seed round led by RockawayX. Breakout said on Wednesday that other investors in the round included Andrew Kang's Mechanism Capital, Round13 Capital, C² Ventures and IOBC Capital. Breakout co-founder and CEO Alex Miningham said the company began raising funds for its seed round in February and closed the round earlier this month with oversubscriptions. Breakout initially sought $3 million, received commitments for $6 million, and ultimately closed the round with $4.5 million; the seed round was a priced round with token warrants; RockawayX has taken a board seat at Breakout and led the round.