It was revealed by CryptoQuant, a data analytics platform, that the parent company Team Blackbird, has closed a $6.5 million Series A led by Atinum Investment.
CryptoQuant Parent Company Team Blackbird Completes $6.5 Million Funding Round
Together with prior investments from Galaxy Interactive and Mirae Asset cash, Series A takes the company’s total capital raise to $9 million.
Digital assets are considered particularly risky speculative assets due to the difficulty in finding reliable information and engaging in speculative investments without data analysis. 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.
Joo Gi-Young, CEO Of Team Blackbird
The company stated that it intended to utilize the funds to hire employees both for its South Korean and overseas activities.
About CryptoQuant
On-chain and market analytics tools with actionable information from prominent analysts are offered by CryptoQuant. The platform assists investors in researching data-driven alternatives to lower investment risk and analyzing the cryptocurrency markets.
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