Crypto trading robot specialist 3Commas raises $37M

3 commasa startup that offers a full suite of trading bots and strategies for cryptojust finished one $37 million seed round Directed by Hop capital and Alameda Research.

Founded in 2017 in Tallinn, 3 commas markets manual and automated trading strategies – administered by trading bots based on machine learning – for investors in cryptocurrencies.

On Thursday, the Estonian company announced that it had collected 37 million dollars as part of a series B financing round led by venture capital firm Sam Bankman Fried, Alameda ResearchThe VCs Aim globally and Hop capital as well as Dmitry Tokarevthe founder of the Kobber day care.

3Commas expands access to complex crypto trading strategies with powerful trading robots. Through this fundraising, our investors have given us overwhelming confidence,” said Yuriy Sorokin, the young shot’s boss, in a press release.

Thanks to the newly raised funds, 3 commas plans to develop its product line and hire new talent, particularly establishing a unit to focus on creating decentralized finance (DeFi) solutions.

The transaction follows a previous fundraising of $3 million (Series A) which was closed by 3Commas in November 2020.

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