3Commas, an automated crypto trading bot investment platform, has collected $37m in its Series B funding round.
Target Global, a pan-European investment firm, led the funding round.
Alameda Research, Jump Crypto and Copper founder and CEO Dmitry Tokarev, also joined the round.
With the funds, the automated crypto trading bot will enhance its ecosystem and develop new automated DeFi trading tools. It also plans to improve its machine learning and AI bots and expand its trading ecosystem.
3Commas will also enhance developers’ access to Application Programming Interfaces (APIs) to create apps used by 3Commas traders within the ecosystem.
Additionally, it is hiring a robust research and development team to create DeCommas, a recently launched subsidiary which provides users with easier access to trade automation in decentralised finance.
The FinTech company offers advanced trading tools and automated strategies managed by trading bots that have proven to help users earn profits through all market conditions. Users gain access to historical performance of different strategies and tools to easily replicate them through automated tools.
Launched in 2017, its aim is to make crypto trading available to everyone. It boasts manual or fully automated bots and trading strategies, as well as risk and portfolio management solutions.
3Commas CEO and founder Yuriy Sorokin said, “3Commas was created with the goal to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraise, our investors have shown overwhelming confidence that we are executing this vision.
“We are excited to continue to build technology that democratises access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”
The automated crypto trading bot investment platform previously raised $3m in its Series A round back in late 2020.
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