PYOR Raises $4M in Seed Funding Led by Castle Island Ventures

The round saw participation from Hash3, Antler, Future Perfect Ventures, Force Ventures, Coinswitch Ventures, Coinbase Ventures and angel investor Balaji Srinivasan, among others.

Krishna Hegde, co-founder of PYOR, said, “Since launching PYOR last year, we have been focused on creating the industry standard for digital asset platforms. Unlike other asset classes, digital assets are primarily driven by retail investors, and institutional-grade infrastructure has been limited for decision-making. Despite digital assets having a market capitalization of over $1 trillion, there is a critical need for effective data infrastructure to facilitate institutional participation. We aim to leverage the capital raised to strengthen our mission and make substantial progress within the global digital asset ecosystem.”

With this funding, PYOR will expand its core infrastructure and product platform, notably by enhancing its interpretation layer for digital assets. Funds will also be allocated for expansion of the team in India and recruitment for various new positions.

“The PYOR team is building critical auditable infrastructure for the cryptocurrency industry. Their experience onboarding crypto investors at CoinSwitch highlights the need for standardized, institutional-grade data and analytics to bring on board the next wave of crypto investors ,” said Sean Judge, general partner at Castle Island Ventures.

Founded in August 2022 by Krishna Hegde, Sarmad Nazki, Sharan Nair and Yadunandan Baichu, PYOR aims to provide critical insights on digital assets through a tailor-made desktop analytics interface. Their target client segments include analysts at global asset management companies, hedge funds, investment banks, wealth advisors, crypto entities (exchanges, projects) and venture capital.

Currently in private beta, PYOR recently introduced its Terminal product, a plug-and-play data terminal that enables institutions to access fundamental blockchain data and make private queries through a customized dashboard tailored to their needs. makes.