3Commas, a Tallinn, Estonia-based automated crypto trading bot investment platform, has raised $37 million in Series B funding.
The round was led by leading crypto and financial technology investors Target Global, Alameda Research, Jump Crypto, and Dmitry Tokarev, founder, and CEO of Copper.
The funding allows 3Commas to develop its trade automation and portfolio management tools. 3Commas' trading bots and ecosystem provide users with the historical performance of numerous strategies and the tools to reproduce them simply.
3Commas Capital will be used to increase machine learning and AI trading bots to deliver higher profitability, grow its trading network, and boost developers' access to APIs to create apps utilized by 3Commas traders inside the ecosystem.
3Commas leveraged this investment to recruit a research and development team for DeCommas, a freshly launched subsidiary that simplifies trade automation in decentralized finance (DeFi).
"3Commas was created with the goal to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraise, our investors have shown overwhelming confidence that we are executing this vision," said Yuriy Sorokin, CEO, and founder of 3Commas. "We are excited to continue to build technology that democratizes access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation."
Company: 3Commas Technologies OÜ
Round: Series B
Funding Month: September 2022
Lead Investors: Target Global, Alameda Research, Jump Crypto, and Dmitry Tokarev
Company Website: https://3commas.io/
Software Category: Crypto Trading Bot Investment Platform
About the Company: Founded in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov, 3Commas is a crypto investment ecosystem that offers a complete suite of manual or fully automated bots and trading strategies as well as risk and portfolio management solutions, all underpinned by a vast, low-latency cloud infrastructure. 3Commas is a product ecosystem—a complex of various interconnected products for retail users, power users, developers, and enterprise-level professionals that complement each other by sharing their trading strategies and signals and, thus, providing more value. It democratizes trading for end-users and allows them to generate more revenue - each month, over 70% of 3Commas users profit from closing the deals through the platform. All traders have access to the same manual and automated tools, offering an equal opportunity for all to earn profits. The company's mission is to make trading crypto more accessible to millions of users seeking new pathways toward profitability and financial freedom.