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Digital Assets Data, a fintech and data company focused on the crypto-asset industry, has announced the launch of its software platform alongside a $6 million seed funding round.
Founded in January 2018, Digital Assets Data builds enterprise-grade software and data feeds for crypto hedge funds, family offices, research firms, global consulting firms, banks, sovereigns, and other market participants.
The latest funding round drew support from Distributed Global, Digital Currency Group, Morgan Creek, Galaxy Digital, Jump Capital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown, among others.
“Digital Assets Data provides market participants with a comprehensive set of data that will enable them to make informed decisions. We are happy to support the Digital Assets Data team as they continue to fill this market need and expand the platform’s service offerings,” Travis Scher, VP of Investments at Digital Currency Group, said.
The startup said that it will use the funds to build out its crypto data platform and deliver institutional-grade information and insights to a broad customer base. Launched in March, the platform 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,” Mike Alfred, Co-Founder and CEO of Digital Assets Data, said.
“The extensive industry knowledge, networks, and capital of our investors will prove invaluable as we grow our team and service offerings. It will also prove critical as we expand our customer base and solidify our position as the enterprise data cloud of choice for digital asset market participants.”
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