Crypto info startup Amberdata raises $30 million in new funding round

Quick Take

  • Digital asset data provider Amberdata raised $30 million in a Series B round.
  • The funding will be used in a number of areas, including increasing market presence and expanding its DeFi coverage. 

Amberdata, a startup that provides digital asset data to financial institutions, has raised $30 million in a Series B funding round.

The funding will go toward product innovation and increase market presence in the US and globally.

"The rate of institutional adoption of crypto is truly astounding," said Shawn Douglass, CEO at Amberdata, in a statement. "We've seen our revenue double in the first quarter of this year as the world's largest financial institutions come to us for the critical data they need for research, trading, risk, analytics, reporting and compliance as they enter digital assets.”

The funding will also be used to grow the company’s customer success team, expand its DeFi coverage, and develop “digital asset indices, market intelligence, and risk analytics applications,” said Douglass. 

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