Cryptocurrency data and financial technology startup Digital Asset Data announced that it received $3.2 million in funding in a press release shared with Cointelegraph on July 25.
A round led by Silver Lake and Glenn Hutchins
Per the release, the round was led by investment firm North Island and tech-focused private equity group Silver Lake co-founder Glenn Hutchins. The new funds, added to its seed funding of $6 million covered by Cointelegraph in April, brings the total funding received by the startup to $9.2 million.
The startup in question reportedly provides tools enabling asset managers and other market participants to analyze crypto assets, market, reference and customer data from a number of sources. The company claims that the platform that it launched in March helps their clients to compound knowledge about the digital asset marketplace. Furthermore, Hutchins reportedly joined Digital Assets Data’s board of directors, and commented:
“Digital Assets Data has built a full stack, institutional-quality data platform that is capable of serving all types of market participants – from data scientists, to quant funds, hedge funds, banks, venture capital funds, and more.”
Lastly, the startup claims that investment firms Ikigai Asset Management, Morgan Creek Digital, Amidst Capital, CMT Digital, Vestigo Ventures, and Digital Currency Group participated in the funding round.
As Cointelegraph recently reported, cryptocurrencies are three times more popular among American millennials as a long-term investment as they are for Generation X.