Coin Metrics Raises $35 Million in Series C Funding

Coin Metrics, a provider of cryptocurrency data and analytics, announced that it has raised $35 million in a new round of financing.

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The round was led by BNY Mellon and Acrew Capital, as reported. Other participants in the round included Goldman Sachs -- which led Coin Metrics' $15 million round last spring -- and Fidelity.

Brevan Howard Digital, Cboe Global Market, Avon Ventures, JAM FINTOP Blockchain, Morningside Technology Ventures, Mubadala Investment Company, and Highland Capital Partners are among the firm's new and existing investors that participated in the Series C round.

"This financing will enable us to accelerate both our business and product roadmap, including through continued investment in new novel risk, DeFi and other Dapp metrics, and in our world-class infrastructure," co-founder and CEO Tim Rice said in a statement.

The round signals the continued interest among investors in crypto data-centric companies. Recent examples include Immutable C' $200 million funding round​ and the $135 million raised by Layerzero Labs​ in last month.

Source: The Block Crypto