Participated · Series B · May 2022

Amberdata provides data and analytics across blockchain networks, crypto exchanges, and decentralized finance for institutional clients, including Citi, Coinbase, Nasdaq and Franklin Templeton. Its core product is institutional-grade digital-asset data and insights intended to support tax, accounting, treasury and compliance workflows. The company plans to use new capital to build additional product lines and accelerate global expansion beyond existing deals in the U.S., U.K., Latin America, Singapore and Australia. Management frames demand as a surge of institutional adoption that requires comprehensive data to onboard and operate with digital assets. Financially, Amberdata raised a $30M Series B at a $330M valuation and has raised $47M in total to date, including prior seed and Series A financings. The company was launched in 2017 and positions itself as infrastructure to help institutions accelerate time to market with digital-asset products. Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance for financial institutions. The platform analyzes over 8 million blockchain network transactions and more than $500 billion in trading activities daily. It powers research, trading, risk, analytics, reporting, and compliance, and serves as a critical piece of infrastructure for investors entering the asset class. Institutional customers can integrate real-time and historical data and metrics via FIX, REST, WebSockets, and RPC and gain access to reference rates, indexes, and analytics. Founded in 2017 and based in Palo Alto, the company plans to use new funding to expand engineering and go-to-market capabilities. Amberdata operates a unified data platform and APIs that deliver validated on-chain data, analytics, smart-contract and token activity, and market data across top crypto exchanges. Its customers include custody providers, institutional crypto trading firms, asset managers, and research and analytics companies. The company says its offering enables customers to build data-powered applications and maintain a competitive edge. Amberdata was founded in 2017 and is headquartered in Palo Alto, CA, with operations noted in Fremont, CA in the announcement. The recent investment from multiple venture firms is intended to fuel growth and accelerate its position as a leading provider of institutional-grade blockchain and cryptoasset data. Investors are expected to bring industry insight and experience to support Amberdata’s expansion. Amberdata is building a SaaS platform that monitors, searches, analyzes and secures public and private blockchains. The platform offers instrumentation for blockchain infrastructure, applications and transactions and provides actionable insights, search and alerts to help businesses monitor and support blockchain operations. Led by co-founder and CEO Shawn Douglass, the company aims to enable operational intelligence for blockchain infrastructure, applications and transactions. Amberdata is based in Palo Alto, CA. It closed a $2m round of venture capital financing from HWVP to accelerate the launch of its platform. As part of the deal, Lars Leckie, general partner of HWVP, joined Amberdata’s board of directors.

Participated · Equity · Dec 2021

Hxro Network is a liquidity, risk, and margin primitive for risk-based applications built on the Solana blockchain. It provides support for a full suite of on-chain derivative markets and offers protocols that enable market makers, traders, operators, and other participants to create and connect to globally aggregated liquidity. The protocols combine the risk, margining, clearing, and capital efficiencies of centralized derivatives with the open, trustless, and censorship-resistant elements of DeFi. Solana is described as a key component, supplying the censorship-resistant infrastructure, speed, and low marginal transaction costs needed to facilitate derivatives markets at scale. The Network plans to initially support markets for crypto-assets and later extend to markets for any high-fidelity data supplied by network-approved oracles, with v1 network components scheduled to launch to Solana mainnet next month and into Q1 next year. Hxro Network closed a $34M strategic funding round to fund the network treasury, bootstrap early protocol liquidity, and finance network rewards. Hxro is a crypto derivatives firm that built the Hxro Network, a decentralized protocol on Solana offering permissionless access to liquidity in options markets. The network aims to increase liquidity by combining an automated market maker with access for traditional options market makers. Hxro began with a gamified binary futures product called MoonRekt. Founders Dan Gunsberg and Rob Levy drew on prior careers as traders to design products for crypto traders. Company leadership highlights the need to enable hedging and position-taking for larger funds during periods of expanded volatility. The firm recently completed its largest single-investor fundraising to date.