Algo-Advisor Delphia Closes $60M Series A Round Led By Multicoin Capital

Algo-advisor Delphia closes $60 million Series A round led by Multicoin Capital with participation from Ribbit Capital, FTX Ventures, Cumberland and others.Delphia will use the funds to launch its native rewards token, increase the number of ways users can contribute data, and expand its headcount globally. The Company offers long-only actively managed investment strategies with zero management fees and $10 investment minimums, as well as a hedge fund for accredited investors that runs a long-short market neutral strategy of approximately 2,500 US equities.