TechCrunch: Amberdata raises $30M to chase the ‘unlimited opportunity’ of bringing traditional finance into web3

Amberdata was featured in TechCrunch on May 4, 2022. “We decided to do this raise right now because we grew so much in the past year that there’s an unlimited opportunity to go out and be the infrastructure that enables all institutions to onboard digital assets,” Shawn Douglass, CEO, said.

Amberdata, an institutionally focused digital asset data provider, has raised $30 million in its Series B, its CEO Shawn Douglass exclusively told TechCrunch.

The company is now valued at $330 million and has raised a total of $47 million to date, including its seed round worth $2 million and Series A totaling $15 million.

“We decided to do this raise right now because we grew so much in the past year that there’s an unlimited opportunity to go out and be the infrastructure that enables all institutions to onboard digital assets,” Douglass said.

Read the full story here.