Pyora start-up that develops a data platform based on digital assets and dedicated to institutionalhas just collected 4 million dollars from Castle Island Ventures, Coinbase and others.
Founded last summer by TradFi alumni, Pyor wants to help institutions navigate the crypto-currency market by providing them with various data and information.
This Friday, the startup announced a 4 million dollar funding round. Led by crypto VC Castle Island Ventures, the fundraising from Pyor also includes the participation of Hash3, Antler, Future Perfect Venture, Force Ventures, CoinSwitch Ventures and the investment arm of the giant Coinbase.
As the market capitalization of digital assets exceeds $1 trillion, there remains a critical need for efficient data infrastructure to facilitate institutional participation,” said Krishna Hegde, Pyor’s co-founder.
The capital raised by the company will be used to accelerate the development of its platform.
To Sean Judge of Castle Island Ventures, Pyor is building a “critical auditable infrastructure” that will attract “the next wave of crypto investors.”
Last year, French Kaikoanother crypto data provider, raised $53 million in Series B.
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