Robo-advisor Delphia Attracts $60M to Launch a Token

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Robo advisor Delphia has completed a $60 million Series A funding round led by venture capital firm Multicoin Capital.

Other participants in the round include Ribbit Capital, FTX Ventures, Valor Equity Partners, FJ Labs and others.

According to the project, the total investment amount reached $80 million.

The company will reportedly use the funds raised to increase staff and launch a token based on the ERC-20 standard to encourage users.

According to the press release:

“Investment platform Delphia plans to use consumer spending data, employment patterns, and social media-derived public opinion data for algorithmic models that were previously only available to top-performing hedge funds.”

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