Digital Assets Data Secured $3.2 Million in Equity Funding Round for Crypto Asset Knowledge Platform

Digital Assets Data Secured $3.2 Million in Equity Funding Round for Crypto Asset Knowledge Platform

Digital Assets Data, the Crypto asset knowledge platform, has raised $3.2 Million in the first equity funding round.

Digital Assets Data is a New York-based financial technology and data startup which is working on crypto-asset industry. Earlier, the company raised USD $6 Million in its seed round.

The funding round was led by the Silver Lake Co-Founder Glenn Hutchins, and North Island, which is the Investment firm of prominent technology investor. Other participants in the funding round include the Vestigo Ventures, Amidst Capital, Morgan Creek Digital, Ikigai Asset Management, CMT Digital, and Digital Currency group.

With the this latest funding round, the total equity of the startup has reached $9.2 Million, says the announcement.

Executive Opinion

James Hutchins joined the board of directors at Digital Assets Data, and commented, "We have been investing in crypto-assets and their surrounding ecosystem for five-plus years. We have always believed that one of the key missing pieces of infrastructure was a premier data platform. Data is the heart of any investment process, and without an institutional-quality data platform, it is very difficult to allocate significant resources to any asset class. Digital Assets Data has built a full-stack, an institutional-quality data platform that is capable of serving all types of market participants – from data scientists to quant funds, hedge funds, banks, venture capital funds, and more. We believe that the combination of full-stack flexibility and high-quality data sets differentiate Digital Assets Data from all other providers. We are incredibly excited to partner with the Digital Assets Data team."

Travis Kling, Chief Investment Officer, Ikigai, said: "Digital Assets Data is our first venture investment at Ikigai, and a fitting one at that. As a large consumer of crypto data, we have trialed many data service providers, and believe Digital Assets Data is providing a compelling solution to the complicated problem of ingesting clean, granular crypto data in an easily analyzable format. Additionally, we want to back top-tier leadership teams, and Digital Assets Data has that in spades."

More about the Digital Assets Data

The startup offers tools which enable the asset managers to analyze the crypto-asset, reference, and market and customer data from a wide number of resources, notes the announcement.

The company even claims that the platform they had launched in March helps its clients to brush up their knowledge about the digital assets.

P.C: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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