‘Data DAO’ Delphia raises $60M Series A led by Multicoin Capital
Cointelegraph
Published Jun 08, 2022 02:30PM ET
Updated Jun 08, 2022 04:00PM ET
Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO).
The Series A was led by crypto-focused venture firm Multicoin Capital, with additional participation from Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs, Lattice (OTC:LTTC) Ventures and Cumberland. Delphia will use the funds to launch a new rewards token as well as expand the ways users can contribute data to algorithmic models, which will be used to enhance investor returns.
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Written By: Cointelegraph
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