London-based crypto analytics firm Block Scholes has successfully raised $3.3 million in an investment round to fuel its expansion and product development efforts.
The funding was secured from a mix of investors, including Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, and FunFair Ventures.
In a statement, Block Scholes emphasized that the diverse group of investors, combining both traditional and crypto-focused backers, reflects the growing demand for high-quality analytical tools, data, research, and financial products tailored for institutional use in the cryptocurrency markets.
Established in 2021, Block Scholes intends to utilize the newly acquired capital to enhance its current offerings and grow its team. The company has been providing crypto data services to various institutions such as hedge funds, banks, and exchanges.
Its focus lies in delivering interactive analytical tools equipped with quantitative models and custom visualization features. These tools cater to professional traders, retail market participants, and the public sector, as detailed on its website.