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Goldman Sachs invests $15 million in crypto data company Coin metrics

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Shivangi Mujumdar

CBW -External Analyst

INDIA

May, 08 2021

May, 08 2021

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According to www.prnewswire.com, on May 5, the cryptocurrency data and analytic supplier Coin Metrics proclaimed the firm has raised $15 million in a Series B financing circular. The funding was led by Goldman Sachs and several other venture firms, as digital currency data has gotten on a hot commodity in recent times.

 

Highlights-

 

DigitalCurrency Data and Analytics Firm Coin Metrics Hike $15 Million.

 

The Boston-based Coin Metrics has discovered the company has elevated $15 million in a Series B financing round that was led by the American international investment bank and financial services company, Goldman Sachs.

 

The company Coin Metrics supply analytical market data, indexes, and system risk solutions for an infinite number of digital currencies like bitcoin (BTC) and ethereum (ETH).

 

In add-on to Goldman Sachs, the financing circular was also bolstered by Castle Island Ventures, Collab+Currency, Avon Ventures, Highland Capital Partners, Communitas Capital, and Fidelity Investments.

 

Coin Metrics inside information that the company has “institutionalized their network and market data message over the past 18 months.”

 

Some of the big names in the world of finance and the cryptocurrency industry purchase Coin Metrics’ products, the proclamation notes.

 

Goldman Sachs has led a $15 million Series B funding circular for crypto financial intelligence player Coin Metrics.

 

Highland Capital Partners, Castle Island Ventures, Avon Ventures, Fidelity Investments, Communitas Capital, Collab+Currency, Morningside Group, BlockFi and Warburg Serres Investments united the round.

 

Coin Metrics supplying network data, market data, indexes and network venture technology to institutions touching crypto assets.

 

Coin Metrics give market data, network data, indexes and network risk statements to the most prestigious institutions affecting This financing will deepen the company's global expansion, modify further product innovation, and permit existing offerings to touch even more crypto asset networks and markets.  

 

Mathew McDermott, global head, digital assets, Goldman Sachs, who controls the Coin Metrics board, states that Data is capacious for the mainstream acceptance of crypto assets by traditional investors and financial services participants. Our clients will largely benefit from Coin Metrics' institutional-grade data vision and rising risk management tools.


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Shivangi Mujumdar

CBW - External Analyst

INDIA

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