French fintech company offering liquidity analytics for cryptocurrency investors, SUN ZU Lab has raised €1.5 million in funding. The round was led by Elaia and joined by Kima Ventures and angel investors in the cryptocurrency ecosystem. This extra capital infusion will enable the startup to double its team by 2023.
The world of cryptocurrencies is under the eye of regulators, more now than ever. The European Market in Crypto Assets (MiCA) bill passed on March 14 aims to define global standards. Founded in 2020 by Stéphane Reverre and Vincent Madrenas, the French startup aims to offer crypto professionals with unprecedented liquidity analytics in the form of quant reports, dashboards fed in real time or bespoke studies to bring more transparency to the market.
Stéphane Reverre, CEO, SUN ZU Lab said: “We want to bridge the gap between the digital assets market and the traditional finance market by providing the tools and expertise required by professional investors, which they have great difficulty in finding. Today, it is clear the digital assets market needs transparency, without conflict of interest.”
Alexis Frentz, investment manager, Elaia added: “The cryptocurrency market is estimated at $2 trillion. Yet, it lacks transparency. By providing independent and qualitative analysis, SUN ZU Lab is a catalyst that will allow all professional investors to position themselves in this market.”