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Token Metrics Closes $4.33M Funding Round

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Updated by Shilpa Lama
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Token Metrics raised over $4.33 Million from nearly 2,000 investors through a Reg CF and a Reg D with angel investors at the same terms.

Token Metrics, a cryptocurrency investment research firm that publishes AI-based cryptocurrency ratings and price predictions, announced today that it has closed its latest funding round, raising $2.75 million on the crowdfunding Wefunder platform on November 23, 2021 and an additional $1.58M in a regulation D offering at the same terms.

The capital raised came from nearly 2,000 investors worldwide and will be used to support Token Metrics’ strategic growth plans and expansion of the company’s global footprint. Fueling investor interest was the company’s customer retention; 34% average month-over-month revenue growth; and its $5.9M Annual recurring revenue.

“Token Metrics is excited about this next step in our company’s growth, and we look forward to helping many more investors achieve their financial freedom, by providing access to the best data analytics and media platform on the market,” said Ian Balina, Founder and CEO of Token Metrics.

“It’s our mission to democratize the investment space, so we were excited to use an equity crowdfunding platform that would allow a wide variety of investors to be part of our raise and our investor community. By leveraging Wefunder for our raise, we were able to continue our mission of economic empowerment for all.”

The capital raised will be used to implement the platform’s strategic growth plans, including further enhancing its data analytics platform, talent acquisition across the crypto, media, and technology sectors, as well as to support marketing and operations functions. 

“Token Metrics is perfectly positioned at the heart of the crypto boom,” said Tom Murphy, CEO of Alpha Virtual, and one of the first investors in Token Metrics. “The platform is very promising in the way it leverages machine learning to evaluate the short and long-term profitability on a wide range of cryptocurrencies. I look forward to seeing how the platform and team continues to scale.” 

Since the company was founded in 2018, the Token Metrics platform has grown to now evaluating over 6,000 cryptocurrencies and regular publishing of vital information for thousands of subscribers located around the world, including in the United States, United Kingdom, Australia, Canada, New Zealand, India and the United Arab Emirates.

Additionally, it has acquired over 100K subscribers on its content-rich YouTube channel and also launched a proprietary video platform called Token Metrics TV which boasts daily crypto insights and thought leadership delivered by its team of research and investment specialists. 

Click here for more information on the platform.

About Token Metrics

Token Metrics is a cryptocurrency investment research firm that provides AI-based cryptocurrency ratings and price predictions. Founded in 2018 by Ian Balina, Token Metrics is headquartered in Austin, Texas, the company specializes in publishing cryptocurrency investment research to the constantly growing crypto-savvy world public, using professional analysts, analytics, and artificial intelligence.

Token Metrics has a diverse set of customers, from the crypto curious to fund managers to passive investors, in more than 50 countries. Visit the Token Metrics website for more information.

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