Vinter, a fast-growing index provider for crypto assets, has closed a funding round at $3.4m.
The funding round was led by Octopus Ventures and saw participation from the Ricketts family office, Pfeffer Capital and D4 Ventures. Angel investment came from Marc Powers, David Chreng and Gokul Rajaram.
Founded in 2019, Vinter is an index provider for crypto assets. The firm claims it makes make crypto ETFs possible and works with leading issuers in Europe. Vinter noted it developed the first crypto indices in the Nordics approved by the European Securities and Markets Authority.
According to Vinter, alongside hiring senior data analysts and scientists, the company will use the funding injection to build out its team of backend developers and technical data engineers.
Vinter CEO Jacob Lindberg said, “A year ago the industry was in its infancy, but with continued growth in the asset class, combined with interest from institutions, the market is maturing. We named Vinter as such because we founded the company during the crypto winter, but today experience continued and rapid development. We focused on crypto since the beginning which has meant that we’re able to build indexes that no one else can. This gives our partner ETP and ETF issuers a competitive advantage. With this round of funding, we can grow even faster.”
Octopus Ventures head of FinTech Zihao Xu added, “We see a huge appetite within crypto for professionalisation and integration into the existing institutional ecosystem, and Vinter is creating innovative products to make it easier and safer to execute on investment strategies in crypto assets. Jacob, Marco and Håkan combine a special set of skills with incredible ambition that will put them at the forefront of institutionalising the crypto ETF sector and help onboard the next trillion dollars.”
Copyright © 2022 FinTech Global
