Acryptoinvest.news: Block Schools, a London-based cryptanalytics firm, has raised $3.3 million in an investment round to expand its team and product development.
The company said in a statement that the funding came from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch and FunFair Ventures.
“This combination of traditional and cryptocurrency investors highlights the growing demand for analytical tools, data, research and institutional-grade financial products that enable investors to effectively participate in the cryptocurrency markets,” Block Scholes said.
Launched in 2021, Block Schools plans to use the new capital to develop its current offering and expand its team. The company said it offered crypto data services to institutions including hedge funds, banks and exchanges. Specifically, according to the company's website, it offers interactive analytical tools with quantitative models and customized visualization capabilities for professional traders, retail market participants and the public sector.
“The number of investors using cryptocurrency and decentralized finance solutions is growing rapidly, and as a result, demand for meaningful, real-time data on digital assets is growing,” Eamonn Gashir, founder and CEO of Block Scholes, said in the report.