Investors back CoinStats with $3.2 million to incorporate DeFi services within its popular app

CoinStats, the all-in-one crypto research and portfolio tracker application, has announced the successful completion of its fundraising event. Led by Alex Pack’s Hack VC, this highly subscribed event witnessed participation from several prominent investors, including Mike Dudas’s 6th Man Ventures.

According to CoinStats announcement, the company raised a total of $3.2 million, which will be used to fund the launch and promotion of CoinStats’ new killer features, which are aimed at bringing DeFi to its millions of users. CoinStats already offers advanced tracking and analytics for more than 20,000 different crypto, DeFi, and NFTs across 400+ exchanges and platforms.

With more than 1.5 million global users, CoinStats now aims to expand its product portfolio. The platform integrates DeFi solutions to that extent, enabling its users to invest in curated DeFi products from a single dashboard seamlessly. Not only will this promote more user onboarding across the DeFi revolution, but it will also push DeFi to the mainstream by leveraging its global user base.

Narek Gevorgyan, Founder & CEO of CoinStats, notes, “With the new funds we will expedite our product development and growth delivering better financial products to our users. I immensely value the input and support of our investors, their belief in CoinStats’ vision propels us forward.”

Simple And Hassle-Free Portfolio Tracking

With the speed at which blockchain-based products are being launched, portfolio tracking solutions have become necessary, especially for those who want to always stay on top of the market and better manage their diverse portfolios.

In this context, CoinStats ranks among the most advanced portfolio tracking apps. Founded in 2017, CoinStats serves as an all-in-one platform for managing crypto, NFT, and DeFi assets. It features a single dashboard to track digital assets, military-grade encryption, and up to 20% APY on select cryptos. Other features include customizable alerts and notifications, widgets, a token swap exchange, and real-time news updates.

CoinStats witnessed meteoric growth in 2021 after the number of users on the platform surged by 8x to reach 1.5 million. At present, CoinStats has tracked and managed more than 500 million trades and transactions. With over $500 billion worth of assets tracked through the platform, CoinStats’ move to expand into DeFi aggregation will unlock numerous new return generation streams for its global users.

On backing the recent fundraising round for Coinstats, Alex Pack, Founder of Hack VC, says, “We’re proud to back CoinStats, the largest crypto portfolio manager app in the world. Crypto is the first truly new asset class in over a century and it is diverse, with thousands of tokens, NFTs, and dozens of DeFi applications and other DApps where investors can use their tokens. CoinStats has built the essential infrastructure to allow users to truly track what they do with their crypto.”