The supplier of cryptocurrency data for institutional Coin Metrics just got up $ 6 million additional.
Founded in 2017 in the United States and already supported by Fidelity, Coin Metrics helps banks, hedge funds and other crypto-funds to take the right investment decisions thanks to analysis solutions dedicated to the cryptocurrency.
In a recent round of funding completed by Highland Capital Partners, the startup has raised $ 6 million, which are added to the $ 1.8 million that she collected earlier in March 2019.
We also count the participation of Collaborative Fund, Avon Ventures, Raptor Group, Coinbase Ventures, Castle Island Ventures and Digital Currency Group, to name just the most popular.
Our ability to distill operational and economic activity occurring on a blockchain network, by running complete nodes and performing in-depth analysis, is important for broader institutional investment in this space, ”said Tim Rice, CEO of Coin Metrics.
Based in Cambridge, Massachusetts, the young shoot will use the funds to strengthen your team and expand its offer.
The financial institutions need clean and transparent data to make decisions. These same requirements exist for Bitcoin and the other crypto assets that have emerged over the past decade. It's clear that Coin Metrics is the number one destination for market data, ”added Sean Judge, director at Highland Capital Partners.
Last year, Coin Metrics bought the crypto index provider Bletchley Indexes in order to accelerate its development.
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