Nomics, a Boston, MA and Minneapolis, MN-based cryptocurrency data company that delivers professional-grade, cloud-based data products and APIs for institutional crypto investors, raised $3m in Series A funding.
The round was led by Arthur Ventures with participation from BitGo Co-Founder Ben Davenport, Coinbase Ventures, CoVenture Crypto, Digital Currency Group, CityBlock Capital, King Capital, PolyMath and TokenSoft.
The company intends to use the funds to develop new products and add engineers in 2019.
Launched in 2018 by co-founders Clay Collins and Nicholas Gauthier, Nomics offers free and paid APIs for powering investment strategy backtests, machine learning models, real-time trading bots, portfolio valuation and fintech apps.
Crypto investors, such as hedge funds, can develop and test investment strategies, feed their machine learning models and trading algorithms, track their portfolio and fluctuations in the market, and build financial data-enabled software using the Nomics API.
Nomics currently indexes over 3.5 billion data points and is serving over 35 million API calls per month.