Blockchain data provider Allium raises $40M in funding
Allium Inc., a startup that provides financial institutions with data about the cryptocurrency market, has raised $40 million in funding.
Amplify Partners led the Series A round. Allium stated in its announcement of the deal today that Kleiner Perkins and Theory Ventures participated as well. The raise follows two years in which the company’s revenue grew more than tenfold.
Allium operates a cloud platform that aggregates transaction data from more than 150 blockchains. The company makes the information it collects available to banks, government agencies and financial technology startups through a half-dozen services optimized for different use cases.
A service called the Allium Terminal enables financial professionals to retrieve data about individual blockchain transactions. It also provides higher-level information such as a cryptocurrency’s largest holders, market capitalization and annual trading volume. Financial institutions can use Allium Terminal to inform their investment plans.
