• CryptoQuant, a data analytics platform, announced that its parent company Team Blackbird has closed a $6.5 million Series A round led by Atinum Investment.
• The proceeds will be used to recruit for both the South Korean and international operations of the company.
• This brings the total capital raised to $9 million, with previous investments from Galaxy Interactive and Mirae Asset Capital.
CryptoQuant Parent Company Raises $6.5M Round
CryptoQuant, a data analytics platform, announced that its parent company Team Blackbird has closed a $6.5 million Series A round led by South Korea-based Atinum Investment. The investment brings the total capital raise to $9 million, with prior investments from Galaxy Interactive and Mirae Asset Capital.
Investment Used for Recruitment
The funds raised will be used to recruit for both the South Korean and international operations of the company. Joo Gi-Young, CEO of Team Blackbird noted that “CryptoQuant’s main value lies in proving that it is possible to redefine investment methodologies for digital assets and establish criteria for evaluating asset value based on accurate data.”
Digital Assets Risky Speculative Assets
Digital assets are considered particularly risky speculative assets due to difficulty in finding reliable information and engaging in speculative investments without data analysis. CryptoQuant aims to provide reliable information and make digital asset investing easier through its analytics platform.
Data Analytics Platform Value Proven
The investment round demonstrates investor confidence in CryptoQuant’s ability to prove that digital asset investing can be done through reliable data analysis methodologies which help assess asset value accurately.
Atinum Leads Series A
The Series A round was led by Atinum Investment with additional contributions from Galaxy Interactive and Mirae Asset Capital bringing the total capital raise up to $9 million dollars for Team Blackbird’s parent company CryptoQuant..