Amberdata, a provider of digital asset data, has scored $30m in its Series B funding round.
The round was led by Knollwood Investment Advisory, with commitments also coming from Susquehanna International Group, Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase and Innovius.
Existing Amberdata investors also joined the round, including Citi, Franklin Templeton, Aspenwood Ventures, Rovida Kruptos Assets and Boldstart Ventures.
Following the close of the round, the company hopes to bolster product innovation and expand go-to-market in the US and internationally. The company plans to expand its DeFi depth and coverage, develop asset indices and market intelligence and risk analytics.
The FinTech company supplies financial institutions with data and insights into blockchain networks, crypto markets and decentralised finance.
Amberdata claims to be the only digital asset provider offering granular historical and real-time fundamental, DeFi and market data. It removes the need to source and integrate data from multiple investors.
The platform can be used for trade, research and manage portfolios, visibility for risk and treasury and critical data for compliance and accounting.
Amberdataâ€™s CEO Shawn Douglass stated the companyâ€™s revenue has doubled in the first quarter of the year.
Nasdaq Ventures CEO and founder Benjamin Blueweiss said, “Nasdaq is pleased to support Amberdata as they deliver comprehensive, high-quality digital asset market data and blockchain analytics to the investment community.
“With digital assets and decentralised financial services gaining adoption, we are excited about future opportunities to partner with Amberdata to bring unique insights to a broader set of stakeholders.”