CryptoQuant, a provider of crypto market analytics and on-chain tools, raised $3 million in an investment round led by Hashed, a leading blockchain-focused VC firm. Mirae Asset Capital, Galaxy Interactive, and Youbi Capital were among the other investors, Invezz learned from a press release.
CryptoQuant places focus on preventing harmful practices
The company is well known for their high visibility, user friendly analytics services, valuable market insights, and having contributed to the bust of a Korean crypto-funded child porn organization. The company places its main focus on preventing damaging practices that would compromise the crypto market.
CEO Ki Young Ju said of his company’s mission:
“Most crypto investors have anxiety when they invest in cryptocurrencies because they are struggling with making data-driven decisions due to a lack of time and knowledge. Without data, crypto investing would be gambling. That’s where CryptoQuant comes in. We started as a data provider, and now we’re on the mission to make the crypto markets work for all people by giving them digestible data and community-driven insights.”
When it comes to blockchain project with high potential, Hashed has a tradition of early participation in funding rounds. The specialized, blockchain-focused firm is active as an incubator and VC fund with offices in San Francisco and Seoul.
Hashed CEO Simon Kim commented on the partnership with CryptoQuant:
“The CryptoQuant team has already built a world-class on-chain data analysis platform. Influencers, analysts, and leaders in the market have used CryptoQuant’s data for their content and opinions. These are distributed to various communities such as Twitter and Telegram, creating massive organic marketing effects for CryptoQuant”.
The funds were raised against the backdrop of analytics and data becoming critical for mainstream crypto adoption, especially
