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Estoniabased 3commas 37m series global alameda: Alameda Research, Jump Crypto Lead $37M Funding for 3Commas Automated Crypto Trading Platform

The CEO of crypto custodian Copper also led the round for the trading bot-driven ecosystem.

3Commas, an automated cryptocurrency trading bot platform, has successfully secured $37 million in a Series B funding round. Leading this funding effort are prominent investment firms such as Target Global, Alameda Research, and Jump Crypto, alongside Dmitry Tokarev, the CEO of crypto custodian Copper.

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According to a press release, this infusion of capital will be directed towards advancing bot technology, expanding the trading ecosystem, and improving developer tools for creating applications within the 3Commas ecosystem.

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Previously, in a seed round conducted in November 2020, 3Commas managed to raise $3 million, which notably included participation from Alameda Research, established by FTX founder Sam Bankman-Fried.

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3Commas operates as an extensive product ecosystem, offering a range of trading tools and automated strategies driven by machine learning-powered trading bots. These bots leverage historical data to assist investors in deploying various cryptocurrency trading strategies.

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The startup has recently introduced DeCommas, a subsidiary that aims to simplify access to trade automation within the decentralized finance sector.

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Mike Lobanov, the founder and partner at Target Global, expressed confidence in 3Commas, highlighting their leadership and talent. Lobanov believes that 3Commas is well-positioned to become the dominant platform for introducing the next wave of 100 million users to the world of cryptocurrency through its automated trading and portfolio management capabilities. By creating a versatile ecosystem of tools that function seamlessly in both centralized and decentralized finance, 3Commas aims to provide a gateway to financial prosperity for a vast majority of crypto enthusiasts.

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