Cryptio, an enterprise-grade back-office platform, has secured $10 million in a Series A round led by Point Nine, early investors in Chainalysis, Zendesk, and Revolut. 

Other participants include BlueYard, Alven, Coinshares, Avantgarde Finance, Protocol Labs, and Draper Associates. Senior executives from Twitter, GoCardless, Fireblocks, and Ledger also participated in the round as angel investors. 

Accountability and reporting are a priority – both for crypto-native businesses and financial institutions with digital assets operations and holdings, especially in turbulent markets. 

Cryptio is known for its proprietary data infrastructure, transforming complex on-chain activity into institutional-grade reports and ledgers. The company saw revenue grow 12x since its seed round led by Draper Associates in March last year – despite the market downturn. 

Their clients already include 200+ crypto-native enterprises such as Consensys (creators of Metamask), Aave, DeFi Saver, and The Sandbox. They plan to invest heavily in go-to-market hiring, product development, and expanding their offering to publicly traded companies and institutions. 

“The biggest challenge with crypto accounting on the institutional level is having auditable and reliable transaction history data. Block explorers and third-party data providers often fail to capture complex crypto activity like DeFi, Staking, Mining, and NFTs. These discrepancies can’t be tolerated at the institutional level. 

At Cryptio, we’re obsessed with data accuracy and have partnered with Layer-1 foundations to build proprietary blockchain indexers. We’re able to reliable pull transaction data and perform mini-audits, ‘sanity checks’ to prove data quality.” - Antoine Scalia, Founder, and CEO of Cryptio