3Commas, a crypto-automated trading platform, raised $37M in a Series A funding round.
The round was led by Alameda Research, Jump Capital, Target Global and Dmitry Tokarev, CEO and founder of the institutional-focused crypto firm Copper.
The \$37 million was used to create DeCommas, a subsidiary that focuses on automating decentralized finance (DeFi), protocols.
In a press release, Yuriy Sorokin (founder and CEO of 3Commas) stated that they are “excited to continue to build technology which democratizes access the transformal benefits of cryptocurrency by relentlessly advancing their technology and offering a suite developer tools to make 3Commas a destination for investment app innovation.
3Commas raised $3 million with support from Alameda in 2020. This was previously reported by The Block.