Crypto-data provider The TIE valued at $100 million

Crypto data provider The TIE raised $9 million. Following the Series A round, the firm was valued at $100 million.

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We are excited to announce our first strategic funding round led by Blizzard, the @Avalancheavax fund, with participation from execs at GoldenTree, @Nexo, @NYDIG_BTC , @wehrtyou, @Gemini, @joinrepublic, and more than two dozen leading hedge fund execshttps://t.co/s7mf02lsQg

— The TIE (@TheTIEIO) March 21, 2022

The round was led by Blizzard, a venture firm affiliated with Ava Labs. Other funding came from GoldenTree Asset Management, Nexo, NYDIG, Hudson River Trading, Gemini Frontier Fund, and Republic Capital.

The startup’s flagship product is the Crypto SigDev Terminal, a platform aimed at professional market participants. The tool combines market data (including on-chain, derivatives, social media, and corporate information) with a news feed.

The TIE intends to turn the Crypto SigDev Terminal into a comprehensive workstation for traders serving institutional interests.

The funds will be used to enhance the product in the institutional solutions space, data orchestration and token information (tools for crafting issuers’ market-entry strategies).

In an interview with CoinDesk, The TIE CEO Joshua Frank said that for institutions “it doesn’t make sense” to spend time switching between dozens of information channels such as Twitter accounts and Discord servers. The startup’s solution helps address this task.

Earlier, Dune Analytics attracted $69.4 million at a $1 billion valuation.

Earlier still, another crypto-data startup, Nansen closed a financing round of $75 million.

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