Led by Alex Pack’s Hack VC, the CoinStats team has collected $3.2 million from its most recent fundraising round. This fresh capital injection will fund the ongoing development and promotion of CoinStats’ new features as the platform executes a pivot to bring integrated DeFi features to its 1.5 million global users. Prominent investors and firms joined the round, including Mike Dudas’s 6th Man Ventures.
"We're proud to back CoinStats, the largest crypto portfolio manager app in the world,” said Alex Pack, Founder of Hack VC. “Crypto is the first truly new asset class in over a century and it is diverse, with thousands of tokens, NFTs, and dozens of DeFi applications and other DApps where investors can use their tokens. CoinStats has built the essential infrastructure to allow users to truly track what they do with their crypto."
According to the roadmap, the CoinStats team is adding new “killer” features designed to unlock DeFi opportunities for its users. The platform’s new features will position it as a DeFi Aggregator, curating the safest and most profitable opportunities in DeFi while at the same time enabling its millions of users to access the DeFi ecosystem from a single interface easily. With CoinStats pivoting towards DeFi, it works in favor of both DeFi and the users.
On receiving the backing from industry heavyweights, Narek Gevorgyan, Founder & CEO of CoinStats, notes, “I immensely value the input and support of our investors, their belief in CoinStats' vision propels us forward. With the new funds we will expedite our product development and growth delivering better financial products to our users.”
2021 has been phenomenal for the CoinStats team, with the platform registering an 8x growth in its users, which took the tally of active users to 1.2 million. To date, CoinStats has tracked and managed over 500 million transactions and trades.
With over $500 billion worth of crypto assets from around 1.5 million users currently tracked through the platform, CoinStats is, without a doubt, one of the fastest-growing portfolio monitoring tools. Furthermore, the platform has been able to sustain its momentum into 2022, thanks to the successful fundraising event and the ongoing development of its “integrated” DeFi solutions.
CoinStats is among the largest portfolio tracking applications in existence. The platform enables users to seamlessly track and analyze more than 20,000 different digital assets, spanning DeFi, NFTs, and cryptocurrencies. It allows users to connect their portfolios from different crypto exchanges and platforms, including Binance, Coinbase, and 400 others.
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2022-04-12 13:26:03
