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Odaily Translator | Nian Yin Si Tang

Summary:

Summary:

- Amberdata, a digital asset data provider, completed a $30 million Series B round of financing.

- The funds will be used in several areas, including increasing market share and expanding DeFi coverage.

Amberdata, a startup that provides digital asset data to financial institutions, announced the completion of a $30 million Series B round of funding.

The round was led by Knollwood Investment Advisory, with participation from Susquehanna International Group, Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase and Innovius.

The new financing will be used for product innovation and to increase Amberdata's market share in the US and globally.

“The pace of institutional adoption of cryptocurrencies has been truly astounding,” Amberdata CEO Shawn Douglass said in a statement. “In the first quarter of this year, our revenue doubled as the world’s largest financial When it comes to your business, turn to us for the critical data you need for research, trading, risk, analytics, reporting and compliance.”

The funding will also be used to expand the firm’s customer success team, expand its DeFi coverage, and develop “digital asset index, market intelligence, and risk analysis applications,” Douglass said.In September 2021, Amberdata announcedCompleted $15 million in Series A financing

, this round of financing was led by Citigroup, and some executives from Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets and GoldenTree Asset Management participated in the investment.

According to reports, Amberdata is a blockchain and encrypted asset market data provider that can analyze over 8 million blockchain network transactions and over $500 billion in trading activities in a single day.Encrypted analytics and data-providing startups have attracted growing interest from investors in recent months. For example, in February this year, Dune Analytics, a blockchain data analysis company headquartered in Oslo, Norway, announced thatCompleted USD 69,420,000 in Series B financing

, with a valuation of $1 billion, making it one of the unicorns. The lead investor of this round of financing is Coatue, and the participating investors include Multicoin Capital, Dragonfly Capital and other institutions that have previously participated in investing in the company.

Fredrik Haga, co-founder of Dune Analytics, said that up to now, the company's total financing amount has reached nearly 80 million US dollars. The platform plans to integrate Layer 1 and Layer 2 smart contract platforms to educate, motivate and help a new generation of users enter the Web3 world.In June 2021, the on-chain data analysis tool NansenCompleted $12 million in Series A financing, a16z led the round, with participation from Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital and QCP Capital. In December of the same year, Nansen announced againCompleted $75 million in Series B financing

In June 2021, Kaiko, a Paris-based cryptocurrency market data and research provider, closed a round led by Anthemis and UnderscoreVC.$24 million in Series A funding$24 million in Series A funding

, and plans to open an Asian office in Hong Kong or Singapore later this year. Kaiko started providing encrypted data to the largest players in the market in 2017. Soubiran, who spent nearly a decade as a strategist at HSBC, counts CoinShares, Paxos and Messari as clients, and S&P CapitalIQ, DowJonesFactiva and Refinitiv as partners.