The TIE, a crypto information services provider, has raised $9 million in a Series A funding round.
The funding round was led by Blizzard, with participation from executives at Golden Tree Asset Management, NYDIG, Hudson River Trading, Republic Capital, Gemini Frontier Fund and Nexo, among others. The round gave The TIE a post-money valuation of $100 million, the firm said.
The information and data services space has attracted significant funding in recent months, as investors try to make sense of the flood of crypto-related information. Recent rounds include Lukka’s $110 million round in January and Dune Analytics’ $69.42 million round last month. Both firms scored unicorn valuations as a result.
The TIE’s core product is the SigDev Terminal, which provides market, company, and news data on a single platform. With the new funding, the firm aims to expand three verticals: institutional solutions, data redistribution, and token relations.
“We believe this is a market where the
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