Algo-adviser startup Delphia has closed a $60 million investment round backed by some of crypto’s biggest venture funds as it embarks on the creation of a new data-focused decentralized autonomous organization (DAO).

Multicoin Capital was the lead investor in Series A. Additional participation came from Ribbit Capital (OTC:) Ventures Valor Equity Partners FJ Labs, FJ Labs and Cumberland. Delphia will launch a new reward token, expand ways that users can provide data to algorithmic modeling and increase investor returns.