PYOR Secures $4 Million in Seed Funding Round Led by Castle Island Ventures
- ByStartupStory | May 19, 2023
PYOR (Power Your Own Research), a leading provider of valuable insights for the global digital assets industry, has successfully raised $4 million in a seed funding round. The round was led by Castle Island Ventures, with participation from notable investors including Hash3, Antler, Future Perfect Venture, Force Ventures, CoinSwitch Ventures, Coinbase Ventures, and renowned angel investor Balaji Srinivasan.
PYOR (Power Your Own Research) has secured $4 million in funding to support the expansion of its core infrastructure and product platform. The focus will be on enhancing the interpretation layer for digital assets, providing valuable insights to the industry. Additionally, the funds will be utilized to grow the team in India and hire for multiple new positions, enabling PYOR to further strengthen its offerings.
Established in August 2022, PYOR is dedicated to offering key insights on digital assets through its customized desktop analytics interface. The company’s clientele encompasses analysts from global asset management firms, hedge funds, investment banks, wealth advisors, crypto entities (such as exchanges and projects), and venture capital organizations.
“Since launching PYOR last year, we’ve been laser-focused on building the industry standard for digital asset platforms. Unlike other asset classes, digital assets are primarily driven by retail investors, and institutional-grade infrastructure for decision-making has been limited. We aim to leverage the capital raised to bolster our mission and drive substantial progress within the global digital assets ecosystem,” said Krishna Hegde, Co-founder of PYOR.
“The PYOR team is building critical auditable infrastructure for the crypto industry. We are thrilled to partner with Krishna, Sarmad, Sharan, and Yadunandan. Their experience ushering in crypto investors at CoinSwitch highlighted the need for standardized, institutional-grade data and analytics to bring in the next wave of crypto investors,” added Sean Judge, General Partner at Castle Island Ventures.
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