Coin Metrics Raises $35M for Crypto Veri Provision

Coin Metrics Raises $35M for Crypto Veri Provision
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Coin Metrics Raises $35M for Crypto Veri Provision

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.
  • This money will help Coin Metrics, which provides network and market veri to financial institutions, fund international expansion and the development of new products including decentralized finance and DeFi 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.
  • New investors in the round included Cboe Küresel Markets and Brevan Howard Digital. Goldman Sachs and Fidelity Investments, among others, also participated.
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