The United Arab Emirates (UAE)-based Cypher Capital, a top multi-strategy cryptocurrency investment firm, co-led a $2.4 million strategic investment round in bitsCrunch, a multinational data analytics company that specializes in multi-chain insights and forensics for NFTs and digital assets.
With support from investors including Shima Capital, Animoca Brands, Chainlink, Cypher Capital, Crypto.com Capital, Morningstar Ventures, and Coinbase Ventures, bitsCrunch is a decentralized NFT data platform powered by AI that lets developers create dependable NFT applications (dApps). To help retail, institutional, and venture investors make better decisions about crypto assets, the company is leading the way in crypto data forensics.
Cypher Capital, an early-stage venture focused on global projects related to cryptocurrency, blockchain, and digital assets, is strengthened by this investment in its mission to empower and support cutting-edge Web3 infrastructure and applications that power the emerging digital economy.
Cypher Capital Chairman Bill Qian states: “We are excited to partner with Vijay and his team at bitsCrunch. They are solving the transparency problem in the NFT space through AI and data analytics, which will further enhance the user experience and trust.”
With the fastest sale ever recorded on CoinList, bitsCrunch raised an additional $3.85 million in just 24 minutes, setting a record that translates to $160,000 every minute. With participants from 163 different countries, the community-driven event was the most diverse sale in CoinList’s history. The funding that was five times oversubscribed demonstrates how widely accepted and confident people are in bitsCrunch’s vision.
bitsCrunch CEO, Vijay Pravin, states: “Cypher Capital has been a great value add for bitsCrunch, especially connecting us to a lot of their Venture Partners and introductions to their portfolio companies. They have been one of the very few active VCs in the last bear cycle. This investment round strengthens our ability to scale across multiple chains in the coming years.”
