Digital asset data company, Amberdata, announced it has raised $15 million dollars in a Series A round led by Citi. Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets along with executives at GoldenTree Asset Management also participated in the capital raise.
Amberdata will use the funds to double R&D headcount and expand go-to-market both in the United States and internationally.
Founded in 2017, Amberdata analyzes over 8 million blockchain network transactions and more than $500 billion dollars in trading activities daily. The platform powers financial institutions with data for research, trading, risk, analytics, reporting, and compliance.
Amberdata operates from the domain Amberdata.io, which was registered in 2017, all while the matching .com domain, Amberdata.com was registered way back in 2003.
The domain’s registrant appears to be a company in the UK, that has listed the domain for sale on Afternic for just under $100,000 dollars:
Perhaps it’s an opportunity for the domain’s owner to raise the price well into six figures, as the financial stature of the sole biggest buyer, Amberdata, indicates they could afford it. 😀
Many startups begin their online journey using second or third tier ccTLDs, such as .io and upgrade to the prestigious .com once the money pours in.
