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 led the Series A, along with participation from Ribbit Capital and FTX Ventures as well as Valor Equity Partners, FJ Labs (OTC:) Ventures, Cumberland, and Valor Equity Partners. Delphia plans to use these funds to create a rewards token and expand user access to data for algorithmic models. This will help to increase investor returns.