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Finance

Amberdata Raises $30M to Accelerate Crypto, DeFi Data Delivery

The funding round was led by Knollwood Investment Company and included contributions from Coinbase and Nexo.

By Jamie Crawley
AccessTimeIconMay 4, 2022 at 2:08 p.m. UTC
Updated May 11, 2023 at 4:16 p.m. UTC
Pieces of amber (Pixabay)
Pieces of amber (Pixabay)

Amberdata, a provider of digital asset data to financial institutions, has raised $30 million in Series B funding, with Coinbase (COIN) and Nexo among the investors.

  • The funding round was led by Knollwood Investment Company and also included contributions from Susquehanna International Group, Nasdaq Ventures, NAB Ventures and Chicago Trading Company, Amberdata announced Wednesday.
  • Amberdata provides data and insights into blockchain networks, crypto markets and decentralized finance (DeFi) for financial institutions in order to spur institutional adoption of digital assets.
  • "Institutional demand for digital assets has gone parabolic this market cycle, and Amberdata's data analytics solution gives institutional investors the market intelligence they need to meet client and proprietary information needs," said Tatiana Metodieva, head of corporate finance and investments at Nexo Ventures.
  • The funding will be used to grow Amberdata's engagement with prospective clients across the U.S. and internationally. It comes around nine months after the company raised $15 million in Series A led by Citigroup. The U.S. banking giant is also among the investors in the Series B.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter