One River Digital has raised $41m from Goldman Sachs and Coinbase
Institutional-focused crypto-asset management company One River Digital Asset Management has closed a Series A funding round with Coinbase Ventures and Goldman Sachs. This was announced in a press release.
Liberty Mutual Insurance and Infinity Investment Partners also participated in the round. According to Bloomberg, the company managed to raise $41 million in funding. Investors valued One River Digital at $186 million.
The cryptocurrency-focused company is a division of One River Asset Management, which has $2 billion in assets under management. One River Digital's advisors include former SEC chief Jay Clayton.
Late last year, One River Digital was backed by British billionaire Alan Howard. He invested in the company's funds and also bought a stake in the business.
One River Digital's funds are administered by Northern Trust. The execution partner and custodian is Coinbase.
In May, One River Asset Management applied to launch a carbon-neutral bitcoin-ETF.