Blockfolio has successfully raised $11.5 million from key investors, enhancing its ability to innovate in the cryptocurrency sector.
Launched in 2014, Blockfolio has been instrumental in transforming how users manage crypto portfolios, now further evolving with ‘Blockfolio Signal.’
Blockfolio, a US-based start-up, has secured $11.5 million in funding, affirming its stature in the crypto landscape. The start-up revolutionised crypto portfolio management with its app, initially launched in 2014. Recently, Blockfolio introduced ‘Blockfolio Signal,’ enhancing communication between token teams and users. This innovation attracted substantial investments from leading financial firms.
The recent Series A funding round was spearheaded by Pantera Capital, accentuating the company’s potential for growth. This round also attracted the attention of major exchanges like Bitmex and Huobi. Such strategic investments are poised to propel Blockfolio to the forefront of cryptocurrency tools, offering unparalleled reach and utility to its users.
Edward Moncada, CEO of Blockfolio, expressed confidence in the company’s trajectory. “Our Series A financing will help us leverage our unparalleled reach to continue innovating as a global leader in the space,” he remarked. Moncada emphasised the importance of accessible data and the platform’s commitment to remain free for all users.
With this fresh influx of capital, Blockfolio has appointed Paul Veradittakit of Pantera Capital to its board. Moncada highlighted Veradittakit’s extensive experience and shared vision for a ‘connected crypto ecosystem’ as pivotal to strengthening the company’s strategic efforts at the board level. This appointment is expected to drive further innovation.
‘Blockfolio Signal,’ a groundbreaking broadcast channel, marks a significant leap in crypto communication. This feature allows for direct interaction between token teams and millions of users, closing the gap in information dissemination. Such innovation is integral for Blockfolio as it continues to shape the future of cryptocurrency engagement.
Blockfolio’s future is promising, with the new investment fuelling advancements in functionality and user engagement. The company aims to harness its extensive reach to deliver more features that cater to the evolving needs of crypto enthusiasts worldwide. Continued innovation in the platform’s offerings is anticipated.
Blockfolio’s recent funding milestone signifies its pivotal role in the crypto industry, poised for continued growth and innovation.
The strategic investments and appointments set the foundation for Blockfolio’s ambitious future, promising a continuum of cutting-edge developments.