Crypto data firm Coin Metrics raises $35 million funding round

Coin Metrics announced Monday that it has raised $35 million in a new round of financing.

The round was led by BNY Mellon and Acrew Capital, according to a press statement. Other participants in the round included Goldman Sachs — which led Coin Metrics’ $15 million round last spring — and Fidelity.

Brevan Howard Digital, Cboe Global Market, Avon Ventures, JAM FINTOP Blockchain, Morningside Technology Ventures, Mubadala Investment Company, and Highland Capital Partners are among the firm’s new and existing investors that participated in the Series C round.

“This financing will enable us to accelerate both our business and product roadmap, including through continued investment in new novel risk, DeFi and other Dapp metrics, and in our world-class infrastructure,” co-founder and CEO Tim Rice said in a statement.

The round signals the continued interest among investors in crypto data-centric companies. Recent examples include Dune Analytics’ $69.42 million funding round and the $75 million raised by Nansen in December.

Trending Stories