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Coin Metrics Raises $35M for Crypto Data Provision

Camomile Shumba
Updated ·1-min read
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Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

Coin Metrics, a crypto intelligence company, raised $35 million to enhance its product offerings and customer base, according to a press release on Wednesday.

  • The series C financing for the Boston-based company was led by Acrew Capital, a venture capital firm, and BNY Mellon.

  • New investors in the round included Cboe Global Markets and Brevan Howard Digital. Goldman Sachs, Fidelity Investments and other previous investors also participated.

  • This money will help Coin Metrics, which provides crypto network and market data to financial institutions, fund international expansion and the development of new products, including decentralized finance (DeFi) and other decentralized application metrics.

  • "This financing will enable us to accelerate both our business and product roadmap," co-founder and CEO Tim Rice said in the statement.

  • In May 2021, the company raised $15 million in a series B funding round led by Goldman Sachs.