ICYMI: Crypto info startup Amberdata raises $30 million in new funding round
The funding will be used in a number of areas, including increasing market presence and expanding its DeFi coverage.Amberdata, a startup that provides digital asset data to financial institutions, has raised $30 million in a Series B funding round."The rate of institutional adoption of crypto is truly astounding," said Shawn Douglass, CEO at Amberdata, in a statement.
The funding will also be used to grow the company’s customer success team, expand its DeFi coverage, and develop “digital asset indices, market intelligence, and risk analytics applications,” said Douglass. The round was led by Knollwood Investment Advisory, with participation from Susquehanna International Group, Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase, and Innovius.$15 million in a Series A to grow its research team, in a funding round led by Citi. Previous investors like Citi, Franklin Templeton, Aspenwood Ventures, Rovida Kruptos Assets, and Boldstart Ventures also joined in on this round.
Crypto analytics and data-providing startups have attracted growing interest from investors in recent months. Dune Analytics, a crypto analytics platform, recently hit unicorn status after a