Digital Assets Data has raised $6 million in funding for its crypto data platform for the financial industry.
Investors include Distributed Global, Digital Currency Group (DCG), Morgan Creek, Galaxy Digital, Jump Capital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown, among others.
With this support, Digital Assets Data will build out its crypto data platform and deliver institutional-grade information and insights to a broad customer base, including crypto hedge funds, family offices, and asset management research firms.
The platform, launched in March, helps clients compound their knowledge about the digital asset space and build any model, analytic, heuristic, or signal, as code.
“The support of these leading investment firms represents a significant milestone toward developing a comprehensive platform for crypto data, giving us the ability to offer terabytes of clean on-chain, market, and reference data to customers in a fully hosted cloud environment,” said Mike Alfred, CEO of Digital Assets Data, in a statement.
“The extensive industry knowledge, networks, and capital of our investors will prove invaluable as we grow our team and service offerings.