Delphia, the robo-adviser, raises $60m to launch its token

Delphia, the robo-adviser, closed a $60 million Series A round led by venture-capital firm Multicoin Capital.

We’re excited to announce that we have closed a $60 Million Series A Round led by @multicoincap, with participation from @RibbitCapital, @FTX_Official & others. These funds will enable us to share our algorithmic breakthroughs with anyone willing to contribute data or dollars 1/6 pic.twitter.com/ObWa2img1e

— delphia (@delphia) June 8, 2022

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Participants in the round include Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, and others. According to the project, the total investments reached $80 million.

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The team will deploy the raised funds to grow the team and to launch an ERC-20 token to incentivise users. The latter will be able to provide personal data to the robo-adviser in exchange for the asset.

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“We intend to use a wealth of data to forecast where companies are headed,” said Delphia CEO Andrew Pike in an interview with CoinDesk.

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Back in late 2021, the automated cryptocurrency investing service Stacked raised $35 million, led by Alameda Research and Mirana Ventures.

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