Coin Metrics Raises $35M for Crypto Data Provision

2 years ago

Coin Metrics, a crypto quality company, raised $35 cardinal to heighten its merchandise offerings and lawsuit base, according to a press release connected Wednesday.

  • The bid C financing for the Boston-based institution was led by Acrew Capital, a task superior firm, and BNY Mellon.

  • This wealth volition assistance Coin Metrics, which provides network and marketplace data to fiscal institutions, money planetary enlargement and the improvement of caller products including decentralized finance and DeFi exertion metrics.

  • "This financing volition alteration america to accelerate some our concern and merchandise roadmap," co-founder and CEO Tim Rice said successful the statement.

  • In May 2021, the institution raised $15 million successful a bid B backing circular led by Goldman Sachs.

  • New investors successful the circular included Cboe Global Markets and Brevan Howard Digital. Goldman Sachs and Fidelity Investments, among others, besides participated.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Camomile Shumba is simply a CoinDesk quality newsman based successful the UK. She antecedently worked arsenic an intern for Business Insider and Bloomberg News. She does not presently clasp worth successful immoderate integer currencies oregon projects.


Sign up for Market Wrap, our regular newsletter explaining what happened contiguous successful crypto markets – and why.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source