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Blockchain Analytics Startup Amberdata Raises $15M in Funding Round Led by Citigroup

The firm will use the funds to double its research and development headcount and expand internationally.

Sep 14, 2021 at 3:32 p.m. UTC
Updated Sep 14, 2021 at 6:56 p.m. UTC

Digital asset analytics firm Amberdata has raised $15 million in a Series A funding round that was led by Citigroup, the company announced Tuesday.

  • Other investors in the funding round included Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets and executives at GoldenTree Asset Management.
  • Amberdata said it will use the funds to double its research and development headcount and expand its operations in the U.S. and internationally.
  • The digital asset analytics firm analyzes more than eight million blockchain network transactions and over $500 billion in trading activities daily.
  • “Data and insights will continue to play a pivotal role in creating transparency and strengthening risk management frameworks for digital assets,” Siris Singh, Americas head of markets strategic investments at Citigroup, said in a statement.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Tanzeel Akhtar is a CoinDesk news reporter based in Europe.

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