Crypto financial intelligence platform, Coin Metrics secured $35 Million in Series C Funding

Coin Metrics, a Boston based provider of crypto financial intelligence, has now secured $35 million in a Series C funding round.

Coin Metrics was founded by Tim Rice. It offers network data, indexes, market data and network risk solutions to the most prestigious institutions touching the crypto assets.

It also offers a comprehensive suite of services which includes the chain data, market data, universal block explorer and metrics, indexes, and network risk management.

Tim Rice, co-founder and CEO of Coin Metrics, said, "Coin Metrics serves as a critical nexus for institutions in the digital asset space and has the potential to scale much further. This financing will enable us to accelerate both our business and product roadmap, including through continued investment in new novel risk, DeFi and other Dapp metrics, and in our world-class infrastructure. The quality of our crypto data and intelligence has generated tremendous interest from the growing number of premier financial institutions engaging in crypto assets, prompting us to expand our customer success and growth efforts globally. We have assembled an experienced team of top crypto, data and financial services experts, and I am proud of the industry-leading work they continue to produce."

Katey Neate, Chief Risk Officer of BNY Mellon Asset Servicing & Digital, said, "Developing a robust risk management framework is critical to our roadmap as we work toward launching digital asset services. Our strengthened alignment with Coin Metrics is another example of how we are leveraging leading technology solutions to develop this critical capability. With Coin Metrics, we have the opportunity to advance the capabilities and conversation and ultimately raise the bar on risk management for digital assets as an industry."

BNY Mellon and Acrew Capital led the funding round with participation from Fidelity Investments, Goldman Sachs, Avon Ventures, Highland Capital Partners, and Morningside Technology Ventures.

The company, as of now, has plans to use the funds for new product innovation and expansion into the adjacent spaces.