What is Alongside?
Founded in 2022, Alongside operates as a specialized provider of cryptocurrency indexing services. The company focuses on creating transparent, accessible, and institutional-grade benchmarks for the digital asset market. By simplifying the complexities of crypto-asset exposure, the firm serves as a critical bridge between traditional financial methodologies and the burgeoning decentralized economy. Its market position is defined by a commitment to providing reliable data-driven products that cater to both retail and institutional participants seeking structured exposure to the crypto-asset class.
How much funding has Alongside raised?
Alongside has raised a total of $11M across 1 funding round:
Angel/Seed
$11M
Angel/Seed (2023): $11M with participation from Franklin Templeton Investments, Andreessen Horowitz, and Coinbase
Key Investors in Alongside
Franklin Templeton Investments
A global investment management organization offering a diverse range of equity, fixed income, and alternative investment solutions, with a strong focus on institutional-grade financial products.
Andreessen Horowitz
A premier venture capital firm based in Menlo Park that specializes in backing bold entrepreneurs building the future through technology, with a deep focus on the crypto and blockchain sectors.
Coinbase
A leading financial infrastructure provider for the crypto economy, offering a comprehensive suite of services for consumers and institutions to transact and build within the digital asset space.
What's next for Alongside?
With the recent capital deployment, Alongside is expected to prioritize the enhancement of its core indexing engine and the expansion of its product suite. The strategic focus will likely shift toward deepening its integration with existing financial infrastructure and exploring new asset classes within the digital domain. As the regulatory environment for crypto-assets continues to evolve, the company's ability to maintain high standards of transparency and index integrity will be paramount. The firm is poised to leverage its recent funding to accelerate product development cycles and solidify its standing as a foundational layer in the crypto-indexing market, ensuring it remains at the forefront of financial innovation.
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