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Merkle Science Announces Extension Of Series A To Over $24 Million

PRIVATEAug 10, 2022

Round Type

Series A

New YorkInformation TechnologyFinancial ServicesCyber SecurityBlockchainCryptocurrency

Description

Merkle Science, the predictive crypto risk and intelligence platform, announced an extension of more than $19 million to its Series A funding round, 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 Crypto, Summer Capital, 500 StartUps APAC and US, Aspen Digital, HashKey Capital, and Coinhako. They were joined by existing investors Kraken Ventures, Digital Currency Group (DCG), Kenetic, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian of Token Bay Capital, and Libertus Capital.

Quick answer

Merkle Science raised an undisclosed amount in a Series A round, dated August 10, 2022. Merkle Science is based in New York, United States.

How much did Merkle Science raise?
Merkle Science raised an undisclosed amount in a Series A round on August 10, 2022.
What does Merkle Science do?
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,..
Where is Merkle Science based and how big is it?
Merkle Science is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Cyber Security around the same time

Companies in the same sectors as Merkle Science that raised within 45 days of this round, from Fundz verified event records.

  • COINZIX raised $300K (Seed) on July 25, 2022.
  • Animoca Brands raised an undisclosed amount (Funding Round) on September 22, 2022.
  • Nilos raised $5.2M (Funding Round) on September 21, 2022.
  • Tres raised $7.6M (Funding Round) on September 20, 2022.
  • Neutronpay raised $2.3M (Seed) on September 14, 2022.
  • Nakamoto raised $250K on September 14, 2022.

Who to call at Merkle Science, and when

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Company Information

Company

Merkle Science

Location

New York, United States

About

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. We enable businesses to scale and mature so that a full range of individuals, entities, and services may transact with crypto safely. For more information on Merkle Science, please visit https://www.merklescience.com. SOURCE Merkle Science

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Merkle Science raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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