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SEC
Coin Metrics Raises $35M for Crypto Data Provision
The funding round was led by Acrew Capital and BNY Mellon.
Updated May 11, 2023, 5:58 p.m. Published Apr 6, 2022, 11:29 a.m.
Coin Metrics, a crypto intelligence company, raised $35 million to enhance its product offerings and customer base, according to a press release on Wednesday.
- The series C financing for the Boston-based company was led by Acrew Capital, a venture capital firm, and BNY Mellon.
- New investors in the round included Cboe Global Markets and Brevan Howard Digital. Goldman Sachs, Fidelity Investments and other previous investors also participated.
- This money will help Coin Metrics, which provides crypto network and market data to financial institutions, fund international expansion and the development of new products, including decentralized finance (DeFi) and other decentralized application metrics.
- "This financing will enable us to accelerate both our business and product roadmap," co-founder and CEO Tim Rice said in the statement.
- In May 2021, the company raised $15 million in a series B funding round led by Goldman Sachs.
STORY CONTINUES BELOW
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Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
