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

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

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.

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

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

By Tanzeel Akhtar
AccessTimeIconSep 14, 2021, 3:32 PM
Updated May 11, 2023, 4:14 PM
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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.

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Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

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