3Commas, a Tallinn, Estonia-based provider of a automated crypto trading bot investment platform, raised $37M in Series B funding.
The round was led by Target Global, Alameda Research, Jump Crypto and Dmitry Tokarev.
The company intends to use the funds to advance its proven machine learning and artificial intelligence trading bots, expand its trading ecosystem, and enhance developers’ access to Application Programming Interfaces (APIs) to create apps used by traders within the ecosystem, as well as to hire a research and development team to create DeCommas, a recently launched subsidiary which provides users with easier access to trade automation in decentralized finance (DeFi).
Founded in 2017 by Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov, 3Commas is a crypto investment ecosystem that offers both manual and automated trading strategies. Whether users are a novice or experienced trader, the company 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 currently offers advanced trading tools and automated strategies managed by trading bots that have proven to help users earn profits through all market conditions.
3Commas had raised $3M in their seed round in November 2020, which Alameda Research also participated in.
FinSMEs
23/09/2022