The first quarter of 2022 saw a record-breaking $9.2 billion invested in crypto startups, topping the prior record set in Q4 of 2021 by roughly $400 million, according to recent data. Investments so far this year have gone to crypto risk management platforms and, most recently, to local decentralized finance software and dataset platform Digital Opportunities Group.
On Thursday, Digital Opportunities Group pulled in $2.5 million in a funding round from Haralabos “Bob” Voulgaris, a professional gambler and former director of quantitative research and development for the Dallas Mavericks.
Voulgaris’ data analytics background seems to align well with Digital Opportunities Group’ software offerings which help investors achieve low-risk returns on decentralized finance investments.
“If you are going to have someone place a bet on you, it is nice to know that they are really good at making bets,” Dalton Cole, Digital Opportunities Group co-founder and CTO, said in a LinkedIn post about the raise. “Bob’s success is due to his quant modeling and analysis skills. He has taken this edge to the digital asset space where he has been actively investing for years. He’s aligned with our goals and truly believes in the space; it is great to have him with us.”
Founded in 2021, Digital Opportunities Group is still in its early stages. While there are no set plans on how the funding will be spent, the startup recently announced brought on Roxton McNeal, head of risk and assessment allocation at UPS Group Trust, and Johnny Wu, CEO of financial consulting company Quartzy Capital Advisors, as senior advisors.