The company was last valued at $57M in September 2021. Here are the top-line bullets you need to know.
Amberdata, a digital asset data provider, has raised $30M in a Series B. The round drew participation from Coinbase, Nasdaq Ventures, Aspenwood Ventures, Knollwood Investment Advisory, Chicago Trading Company, and Citigroup, among others.
How’s the company performing?
- Florida-based Amberdata provides financial institutions with data and insights surrounding decentralized finance, blockchain networks, and crypto markets.
- The company states that its revenue doubled in Q1’22.
- It has a presence across the US, the UK, Latin America, Singapore, and Australia.
- Amberdata’s client base includes organizations like Citi, Nasdaq, Franklin Templeton, and Coinbase, among others.
Source: Amberdata
Why does the market matter?
- The global cryptocurrency market is expected to reach a value of $2.2B by 2026, growing at a CAGR of 7.1%, according to Markets and Markets.
- The lack of transparency in current monetary systems as well as the rising acceptance of crypto as a valid payment method have contributed to market growth.
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