TokenInsight Announces Multi-Million Dollar Investment from Matrix Partners
FOR IMMEDIATE RELEASE
• Matrix Partners leads multi-million-dollar Series A with investors Draper Dragon, Fenbushi Capital, and existing seed investor Susquehanna International Group Capital (SIG).
• Investment will be used to expand company operations overseas, scale services and boost transparency and cryptocurrency research.
Palo Alto, California — October 10, 2018 — TokenInsight, Inc announced today that it has secured a multi-million-dollar investment in Series A financing. Led by Matrix Partners, the round of funding includes Draper Dragon, Fenbushi Capital, and existing seed investor Susquehanna International Group Capital (SIG). The funds will be used to drive TokenInsight operations overseers, expand its internal database and algorithm systems, and improve dynamic rating and report services. In conjunction with this current investment round, Matrix Partners China and Susquehanna Capital have joined the TokenInsight Board of Directors.
Currently having rated more than 600 tokens and published over 250 risk assessment reports for token companies, TokenInsight will continue to offer its open-sourced cryptocurrency ratings and research, token ratings API integration, ETFs, and index products to cryptocurrency exchanges, mobile applications, investment funds, news media and more. By automating these processes, TokenInsight has ultimately defined an independent cryptocurrency rating standard and is making token project data more user-friendly and practical for everyone.
“This is absolutely one giant leap in the process of upscaling our services and enhancing transparency of the blockchain marketplace. We’ve never been more profoundly convinced that TokenInsight is capable of dealing with the ups and downs along the road and explore our unique path in this rapidly growing industry. We look forward to expanding our influence worldwide in the near future.”
Having recently established cooperation with Binance Info, the largest and the most reputable exchange in the world, TokenInsight plans to strategically cooperate with numerous other cryptocurrency exchanges to improve token research due diligence, token rating reports, API integration, ETFs, and index products. Furthermore, TokenInsight works closely with traditional news agencies, blockchain media, and cryptocurrency mobile applications in hope to build an accessible and insightful platform for the public.
To catch the wave of cryptocurrency technology, TokenInsight will continue to stride forward and contribute to this fast-growing industry through its scientific rating system and first-hand data source. TokenInsight will not only upscale its services for the exchanges but also expand our coverage by serving investment funds, research institutions, project teams, and the cryptocurrency community with insightful analysis and targeted full-scale service.
TokenInsight is an independent, third-party data analytics organization committed to providing accurate data and objective ratings on companies developing in the blockchain industry. It seeks to establish institutional project assessment standards through a distinct framework of applied data science, artificial intelligence algorithms, and due diligence processes that results in accurate and insightful ratings.
Founded in 2018, TokenInsight is led by a team of cryptocurrency enthusiasts and successful entrepreneurs. It is headquartered in Beijing, China with a branch office in Palo Alto, CA. As we entered a new age of cryptocurrency technology, TokenInsight seizes the opportunity and devotes to exploring an exclusive pathway to standardize the rating system and optimize API integration to deliver better services to token companies, exchanges, and investors in the blockchain industry. It is constantly growing and aiming to become the leading figure within the industry.
About Matrix Partners
Matrix Partners is a premier venture capital firm that has generated outstanding returns for more than three decades. Affiliated with Matrix Partners, a premier U.S. venture capital firm, Matrix Partners China was founded in 2008 to focus exclusively on investments in China. The firm is known for outstanding returns to investors.
Matrix Partners China focuses on mobile Internet, marketplace, SAAS, FinTech, digital healthcare, new consumer and digital media, social network. As the top venture capital institution in China, Matrix Partners China has more than 500 portfolios. The Star portfolio includes : Didi Chuxing, MOMO, ele.me, ofo, Cheetah Mobile, Guazi, Lexin, Sunlands, Liepin, VIPKID, CHJAu-tomotive, Zhaogang, etc.
About Fenbushi Capital
Founded in 2015, Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies. Our mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible. We strongly believe Blockchain technology will play an important role in bringing much more transparency, efficiency, and robustness into the global economy. With our experienced partners in both traditional finance and the blockchain technology and many startup companies, we hope to bring this vision into fruition.
Media Contact: Jocelyn Jing, firstname.lastname@example.org
For more information, please visit us at: