Merkle Science, a Singapore-based predictive crypto risk and intelligence platform announced an extension of more than $19 million to its Series A funding, bringing the total raised to over $24 million.
BECO Capital, Susquehanna affiliate (Darrow Holdings), and K3 Ventures co-led the extension, with participation from new investors including Republic Capital, Summer Capital, 500 StartUps APAC, and US, Aspen Digital, HashKey Capital, and Coinhako.
Joined by existing investors Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital.
The new investments will accelerate the company’s global growth and will be used for expansion across the U.S. and Europe, as well as for R&D in emerging segments such as analytics and forensics across NFTs, DeFi, and cryptocurrency bridge protocols.
Company: Stackseer Technologies Pte. Ltd.
Raised: $19.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: BECO Capital, Susquehanna affiliate (Darrow Holdings), and K3 Ventures
Additional Investors: Republic Capital, Summer Capital, 500 StartUps APAC and US, Aspen Digital, HashKey Capital, Coinhako, Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital
Company Website: https://www.merklescience.com/
Software Category: Predictive Cryptocurrency Risk and Intelligence platform
About the Company: Founded in 2018, Merkle Science is the next-generation predictive cryptocurrency risk and intelligence platform that helps crypto companies, DeFi participants, financial institutions, and government agencies detect, investigate, and prevent illegal activities involving cryptocurrencies. The core team comes from Paypal, Forter, Luno, Bank of America, FBI, and the US DOJ. Merkle Science’s proprietary Behavioral Rule Engine enables our tools to go beyond blacklists so that compliance teams may fulfill their local KYC and AML obligations and industry players may keep pace with increasingly complex illicit activities. Merkle Science envisions a world powered by crypto and is creating the infrastructure necessary to ensure the safe and healthy growth of the cryptocurrency industry as it becomes a key pillar of the $22 trillion financial services ecosystem. Merkle Science enables businesses to scale and mature so that a full range of individuals, entities, and services may transact with crypto safely.
Source: https://blog.merklescience.com/newsevents/merklescience-annouces-series-a-extension-to-over-24-million