3Commas Closes $37 Million Series B Funding Round Led by Alameda Research and Others

Automated crypto trading bot platform 3Commas closed a $37 million Series B round of funding led by Alameda Research, Target Global, Jump Capital, and Dmitry Tokarev, founder and CEO of Copper. The funding will be used to advance bot technology, expand the trading ecosystem and enhance developer tools for creating apps for the 3Commas ecosystem, according to a press release.

3Commas is a product ecosystem offering trading tools and automated strategies managed by machine learning-driven trading bots that use historical data to help investors utilize different crypto trading strategies. Previously, 3Commas closed a $3 million seed funding round in November 2020 with participation from Alameda Research and others.