Data provider CryptoQuant raises €6 million

Team Blackbirdthe publisher of the blockchain data platform CryptoQuanthas just completed a series A edited by Atinum Investment.

This Thursday, Team Blackbirdthe Seoul-based company behind CryptoQuantannounced a financing round from series A about 6 million euros (8.5 billion won).

Founded in 2018 in South KoreaTeam Blackbird has launched CryptoQuant in 2019 to offer on-chain data and analytics services to crypto investorsincluding institutional investors.

Read:  ASIC maker MicroBT unveils new WhatsMiner

Over time, the platform has established itself as a reliable, benchmark solution for monitoring this new market. Today, renowned institutions such as CME and Moody’s benefit from its data.

In a situation where traditional financial institutions are entering the digital asset market, CryptoQuant is the only company with the infrastructure to meet high standards on a global scale. Given the growing importance of on-chain data following the Luna and FTX incidents, we expect the market to grow rapidly,” commented Atinum Investment, in a statement shared with RoyalsBlue.com.

In addition to the South Korean VC, the fundraising of Team Blackbird also includes IMM Investment, SK, Bass Investment and HillSpring Investment.

Read:  VP Bank, latest institution to adopt Metaco's crypto solution

The fresh capital will be used to expand its teams and accelerate its development. The company is currently looking to recruit engineers, product managers, marketers and UI/UX designers.

Recently, Mnemonic and Pyor, two other start-ups specializing in the data cryptoalso announced financing rounds. Last year, French data provider Kaiko raised $53 million in Series B funding.

To followCrypto news and Web3find RoyalsBlue.com on TwitterLinkedin, Facebook or Telegram

The Best Online Bookmakers June 13 2024

BetMGM Casino

BetMGM Casino

Bonus

$1,000