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Writer's pictureMark S

22nd Sept 2022 - 3Commas raise $37m Series B, lead by Alameda Research

3Commas develops a crypto-asset management tool for tracking investments and exchanges.

3Commas, an automated crypto trading bot investment platform provider with headquarters in Tallinn, Estonia, raised $37M in Series B funding.


Target Global, Alameda Research, Jump Capital, and Dmitry Tokarev took the lead in the round.


The company plans to use the funds to advance its tested machine learning and artificial intelligence trading bots, grow its trading ecosystem, improve developers' access to Application Programming Interfaces (APIs) to create trading-related apps, and hire a research and development team to establish DeCommas, a recently launched subsidiary that enables users to access trade automation in decentralized finance more easily (DeFi).


A cryptocurrency investment ecosystem called 3Commas was established in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov. It provides both manual and automatic trading tactics. The company provides a full range of manual or completely automated trading bots, trading strategies, risk and portfolio management tools, all supported by a sizable, low-latency cloud infrastructure, for users of all skill levels. Currently, 3Commas provides sophisticated trading tools and automated trading techniques run by trading bots that have been shown to help users make money in all market conditions.


Offering several interconnected products for power users, developers, and enterprise level specialists, 3Commas is a product ecosystem. These products complement one another by exchanging trading techniques and signals and so adding value. Over 70% of 3Commas members make money each month from concluding deals using the platform, which democratizes trading for individuals and enables them to increase their revenue. The same set of manual and automated tools are available to all traders, providing an equal chance for everyone to benefit.


In their seed round, which also included Alameda Research, 3Commas raised $3M in November 2020. Despite changing market conditions, this additional capital is a powerful indication of the business's ongoing expansion.


About 3Commas


A crypto investment ecosystem called 3Commas provides both manual and automatic trading methods. The goal of the company, which was established in 2017 by Yuriy Sorokin, Egor Razumovskii, and Mikhail Goryunov, is to increase the accessibility of cryptocurrency trading for the millions of people looking for new avenues for financial success and freedom. Regardless of the level of skill of users, 3Commas provides a full range of manual or completely automated bots, trading strategies, risk, and portfolio management tools, all supported by a sizable, low-latency cloud infrastructure.


Find more here: https://3commas.io/


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