Crypto Index provider Vinter secured $3.4 Million in seed funding round


Vinter, a Sweden-based index provider for the crypto assets, has recently secured $3.4 million in a seed funding round.

Vinter is backed by Jacob Lindberg. It is an index provider specialized in crypto assets, which plays a key role in the crypto ETF industry. The company collects digital assets data from various sources, transforming strategies into investable products, and continues to expand its range of crypto-asset indexes for ETF and ETP issuers.

Executive Opinion

Jacob Lindberg, CEO of Vinter, said, "A year ago, the industry was in its infancy, but with continued growth in the asset class, combined with interest from institutions, the market is maturing. We named Vinter as such because we founded the company during the crypto winter, but today experience continued and rapid development. We have focused on crypto since the beginning, which has meant that we’re able to build indexes that no one else can. This gives our partner ETP and ETF issuers a competitive advantage. With this round of funding, we can grow even faster."

Zihao Xu, Head of Fintech at Octopus Ventures, said, "We see a huge appetite within crypto for professionalization and integration into the existing institutional ecosystem, and Vinter is creating innovative products to make it easier and safer to execute on investment strategies in crypto assets. Jacob, Marco and HÃ¥kan combine a special set of skills with incredible ambition that will put them at the forefront of institutionalising the crypto ETF sector and help onboard the next trillion dollars."

Vinter's Latest Funding

The round was backed by the Octopus Ventures with participation from the Pfeffer Capital, D4 Ventures, Ricketts Family Office, and notable angles, which include the David Chreng, Marc Powers, and Gokul Rajaram.

The company, as of now, has plans to use the new funds to hire data scientists and analysts, build out its team of backend developers and technical data engineers and expand its business outreach.
PC: Pixabay

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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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