Jul 25, 2019 21:00 UTC
Jul 25, 2019 at 21:00 UTC
American Crypto Data Startup Earns $3.2 Million in Funding Round
Digital Asset Data, which is a cryptocurrency data and financial technology startup, announced that it has in a press release on 25th June that they have received $3.2 million in funding.
According to the release, this funding round had been led by investment firm North Island and Glenn Hutchins, who is the tech-focused private equity group Silver Lake co-founder. The new funds, added to its seed funding of $6 million covered by Cointelegraph in April, brings the total funding received by the startup to $9.2 million.
The startup in question reportedly provides tools enabling asset managers and other market participants to analyse crypto-assets, market, reference and customer data from several sources. The company says that the platform that it launched in March helps their clients to compound knowledge about the digital asset marketplace. Furthermore, Hutchins reportedly joined Digital Assets Data’s board of directors and commented:
“Digital Assets Data has built a full stack, institutional-quality data platform that is capable of serving all types of market participants – from data scientists, to quant funds, hedge funds, banks, venture capital funds, and more.”
The startup also claims that investment firms like Ikigai Asset Management, Morgan Creek Digital, CMT Digital, Vestigo Ventures, Amidst Capital, and Digital Currency Group had been active participants in the funding round.
As was recently reported, cryptocurrencies are three times more prevalent and popular among American millennials as a long-term investment as they are for Generation X.