Former JP Morgan VP Gets $8m in Funding for Crypto Trading Firm Hummingbot.io has cleared $1.7B in transactions Author: Hummingbot.io has cleared $1.7B in transactions Liquidity mining and automated trading service Hummingbot.io raised $8 million in a series A round led by Initialized Capital, Crypto Investor has learned. CEO and founder Michael Feng said the series A is especially validating, considering the pandemic nearly killed his project a year ago. Hummingbot had initially tried to raise a series A in March 2020, as the world began shutting down (and wallets began closing up) due to COVID-19. Hummingbot.io altered its timeline and built a platform for its service. The gamble worked.