Crypto Data Platform Digital Assets Data Raises $6M USD In Seed Funding

Investing, News | May 1, 2019 By:

Crypto data platform Digital Assets Data has raised $6 million in a seed funding round. Backers include Distributed Global, Digital Currency Group (DCG), Morgan Creek, Galaxy Digital, Jump Capital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown, among others.

Founded in 2018, Digital Assets Data builds enterprise-grade software and data feeds for crypto hedge funds and other market participants. The company is headquartered in Denver and also shares an office in New York City with Distributed Global, Livepeer, and other leading protocol teams.

Digital Assets Data will use the latest funding to build out its crypto data platform and deliver institutional-grade information and insights to a broad customer base. The platform, which was launched last month, helps clients compound their knowledge about the digital asset space and build any model, analytic, heuristic, or signal, as code.

Mike Alfred, CEO of Digital Assets Data, said in a statement that 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.

“The extensive industry knowledge, networks, and capital of our investors will prove invaluable as we grow our team and service offerings,” Alfred said. “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.”

DCG, which has invested in many crypto and blockchain firms, including Coinbase, Circle, and Ripple, said that 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,” said Travis Scher, vice president of investments at DCG.