{"id":41989,"date":"2021-05-06T09:12:03","date_gmt":"2021-05-06T06:12:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41989"},"modified":"2025-08-30T21:15:29","modified_gmt":"2025-08-30T18:15:29","slug":"goldman-sachs-leads-15-million-series-b-round-for-coin-metrics","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/goldman-sachs-leads-15-million-series-b-round-for-coin-metrics\/","title":{"rendered":"Goldman Sachs Leads $15 Million Series B Round for Coin Metrics"},"content":{"rendered":"<p>Analytics firm Coin Metrics has raised $15 million. The Series B funding round was led by investment bank Goldman Sachs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Goldman Sachs leads $15 million Series B investment in Coin Metrics.<\/p>\n<p>Read the full press release:<a href=\"https:\/\/t.co\/IH3euUCih7\">https:\/\/t.co\/IH3euUCih7<\/a> <a href=\"https:\/\/t.co\/nAl2qtDRSC\">pic.twitter.com\/nAl2qtDRSC<\/a><\/p>\n<p>\u2014 CoinMetrics.io (@coinmetrics) <a href=\"https:\/\/twitter.com\/coinmetrics\/status\/1389986976753983489?ref_src=twsrc%5Etfw\">May 5, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Participants included Acrew Ventures, BlockFi, Morningside Group and Warburg Serres Investments.<\/p>\n<p>Previous investors also provided financing \u2014 Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital and Collab+Currency.<\/p>\n<p>The proceeds will be used by Coin Metrics to expand globally, broaden the range of supported blockchains and markets, and improve its product lineup.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOur clients will benefit greatly from institutional-grade data analytics and new risk-management tools. This is a key component in the integration of cryptocurrencies.\u201d<\/em>, said Matthew McDermott, head of the Digital Assets division at Goldman Sachs.<\/p>\n<\/blockquote>\n<p>The Coin Metrics index product, combining market and on-chain data, has won recognition from players such as Fidelity Investments, Osprey Funds and BlockFi.<\/p>\n<p>The company&#8217;s FARUM tools for network risk management and ATLAS for block analysis have also proven popular among major investors.<\/p>\n<p>In October 2020, Coin Metrics and auditing firm KPMG <a href=\"https:\/\/forklog.com\/en\/news\/kpmg-teams-up-with-coin-metrics-to-drive-institutional-adoption-of-cryptocurrencies\">joined forces<\/a> in developing products aimed at institutional adoption of cryptocurrencies.<\/p>\n<p>In February 2021, the custodian BitGo joined the alliance. As a result, a <a href=\"https:\/\/forklog.com\/en\/news\/kpmg-coin-metrics-and-bitgo-to-combine-offerings-to-popularise-cryptocurrencies\">combined offering<\/a> for storage, data processing, as well as risk and regulatory-compliance monitoring and security assurance, emerged.<\/p>\n<p> Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analytics firm Coin Metrics has raised $15 million. The Series B funding round was led by investment bank Goldman Sachs.<\/p>\n","protected":false},"author":1,"featured_media":41990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1394,728,1156,1145,1133],"class_list":["post-41989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coin-metrics","tag-goldman-sachs","tag-institutional-investors-and-whales","tag-market-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41989"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41989\/revisions"}],"predecessor-version":[{"id":41991,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41989\/revisions\/41991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41990"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}