Coin Metrics secures $35M funding from BNY Mellon, Goldman Sachs, others

Cryptocurrency data provider Coin Metrics has apparently won the attention of quite-a-few Wall Street giants, as evidenced by its latest funding round which saw BNY Mellon, Fidelity Investments, and Goldman Sachs as participating investors.

NEWS: @CoinMetrics closes $35M Series C round led by @AcrewCapital and @BNYMellon.

New funding will bolster the company’s new #crypto data intelligence product innovation and propel expansion into intl markets. #FutureofFinance pic.twitter.com/0fh3FaeDfG

— CoinMetrics.io (we're hiring!) (@coinmetrics) April 6, 2022

While the Series C round was co-led by VC firm Acrew Capital and investment bank BNY Mellon, the company also received funding from Cboe Global Markets, JAM FINTOP Blockchain, Mubadala Investment Company, and Brevan Howard Digital. Existing investors include Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures, and Morningside Technology Ventures.

Founded in 2017, Coin Metrics provides solutions related to on-chain network data, market data, indexes, and network risk management. The company last raised $15 million in a Series B round in May 2021.

“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,” Tim Rice, co-founder and CEO of Coin Metrics, said in the press release.

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