Tallinn, Estonia-based automated crypto trading bot investment platform 3Commas raised USD 37 million in recent funding. The Series B round took place on September 22, 2022. Leading crypto and financial technology investors such as Target Global along with Alameda Research, Jump Capital and Dmitry Tokarev, founder and CEO of Copper, led the investment for the company.
Purpose of funding for 3Commas
With the latest capital injection, the company intends to further develop their industry-leading digital asset trade automation ecosystem. It also seeks to enhance its portfolio management technologies.
Moreover, 3Commas aims to advance its proven machine learning and artificial intelligence trading bots to deliver higher profitability. Besides, it also has plans to expand its trading ecosystem.
Further, the company seeks to enhance developers’ access to Application Programming Interfaces (APIs) to create apps used by 3Commas traders within the ecosystem. In addition, 3Commas is already ramping up its hiring operations with respect to a robust research and development team. The team seeks to create DeCommas, a recently launched subsidiary that provides users with more accessible access to trade automation in decentralized finance (DeFi).
What the company’s official has to say
Yuriy Sorokin, CEO and founder of 3Commas, said, “3Commas was created to help people achieve financial freedom by expanding access to complex, crypto trading strategies through powerful trading bots. Through this fundraising, our investors have shown overwhelming confidence that we are executing this vision. We are excited to continue to build technology that democratizes access to the transformational benefits of crypto by relentlessly advancing our technology and offering a suite of developer tools to make 3Commas the destination for investment app innovation.”
What the investor has to say
Mike Lobanov, Founder and Partner at Target Global, said, “The leadership and talent 3Commas has put in place has put them in a very strong position to be the dominant platform to onboard the next 100 million users to crypto through their automated trading and portfolio management capabilities. By creating an ecosystem of tools that work both in CeFi and DeFi 3Commas family of products provides unparalleled access to prosperity for the vast majority of crypto users.”
About the company
Yuriy Sorokin, Egor Razumovskii and Mikhail Goryunov launched the company in 2017. It caters as a crypto investment ecosystem that offers both manual and automated trading strategies. Earlier in November 2020, the company raised USD 3 million in its seed funding.
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