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.
- New investors in the round included Cboe Global Markets and Brevan Howard Digital. Goldman Sachs, Fidelity Investments and other previous investors also participated.
- "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.
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.