Elon Musk Is Now Blowing Up the Wall Street Case for Bitcoin swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Traders Magazine
0 Shares
Coin Metrics, the leading provider of crypto financial intelligence, announced that it raised $15 million in Series B financing, led by Goldman Sachs.
Goldman Sachs leads $15 million Series B investment in Coin Metrics.
Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and Collab+Currency are also increasing their investment in the company after participating in previous fundraising rounds. They are joined by new investors Acrew Ventures, Morningside Group, BlockFi and Warburg Serres Investments.
Mathew McDermott, Managing Director at Goldman Sachs, and head of their blockchain and crypto expansion efforts, will join Coin Metrics’ Board of Directors.
Coin Metrics, a Boston, MA-based provider of crypto financial intelligence solutions, raised $15m in Series B financing.
The round was led by Goldman Sachs with participation from existing backers Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and Collab+Currency and new investors Acrew Ventures, Morningside Group, BlockFi and Warburg Serres Investments. In conjunction with the funding, Mathew McDermott, Managing Director at Goldman Sachs, and head of their blockchain and crypto expansion efforts, will join Coin Metrics’ Board of Directors.
The company intends to use the funds for global expansion, further product innovation to touch more cryptoasset networks and markets.
Coin Metrics Raises $15M in Series B Funding Led by Goldman Sachs
May 6 2021 · 13:39 UTC | Updated
May 6 2021 · 13:57 by Benjamin Godfrey · 3 min read
Photo: Shutterstock
You have successfully joined our subscriber list.
Through the new funding, Coin Metrics will seek to roll out similar products, with the goal of contributing to the ever-expanding digital currency ecosystem.
Coin Metrics has secured a new $15 million in its latest Series B funding round led by American investment and financial services firm, Goldman Sachs Group Inc (NYSE: GS). In a landmark move for the company, other previous investors including Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and Collab+Currency added to their stakes in the firm. Through the funding round, Coin Metrics attracted a new set of investors, including Acrew Ventures, Morningside Group, BlockFi, and Warburg Serres Investments.
Goldman Sachs Leads $15 Million Series B Round in Coin Metrics
Goldman Sachs (NYSE:GS) has invested in
Coin Metrics – a crypto-asset data and risk analysis firm. The $15 million Series B was led by Goldman along with the participation of previous investors Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, and Collab+Currency. New investors include Acrew Ventures, Morningside Group, BlockFi, and Warburg Serres Investments.
According to Coin Metrics,
Mathew McDermott, Managing Director at Goldman Sachs, who is leading the blockchain and crypto charge at the bank, will join Coin Metrics’ Board of Directors.
McDermott commented on the funding round: