COBALT advised 3Commas on raising a $ 37 million investment

3Commas, the crypto trading platform, has raised $37 million in series B funding. The round was led by Target Global and joined by Alameda Research, Jump Capital, and Dmitry Tokarev.

The company plans to use funds to develop further its digital asset trade automation and portfolio management ecosystem. The funds will go towards hiring an R&D team to continue creating new products.

3Commas was founded in Tallinn, Estonia in 2017 to address significant pain points in trading crypto across multiple exchanges.

According to Target Global founder Mike Lobanov 3Commas has put together a great team with fantastic leadership to develop the dominant platform for bringing the next 100 million crypto users into the ecosystem.

3Commas was advised by partner Kristel Raidla-Talur, Specialist Counsel Greete-Kristiine Kuru, and Associate Johanna Lumiste.

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