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CryptoQuant Parent Raises $6.5M Round Led by Atinum Investment
The latest round brings the company's total capital raise to $9 million.
Data analytics platform CryptoQuant announced that its parent company, Team Blackbird, has closed a $6.5 million Series A led by South Korea-based Atinum Investment.
"Digital assets are considered particularly risky speculative assets due to the difficulty in finding reliable information and engaging in speculative investments without data analysis," Joo Gi-Young, CEO of Team Blackbird, said in a press release. "CryptoQuant’s main value lies in proving that it is possible to redefine investment methodologies for digital assets and establish criteria for evaluating asset value based on accurate data."
STORY CONTINUES BELOW
The company said it plans to use the proceeds to recruit for both its South Korea and international operations.
The Series A brings the company’s total capital raise to $9 million, with previous investment from Galaxy Interactive and Mirae Asset Capital.
Sam Reynolds
Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.
