Data provider CB Insights has acquired Blockdata, a Netherlands-based market intelligence platform for blockchain and other distributed ledger technology.

As a result of the acquisition, CB Insights will also be opening an office in Amsterdam. Meanwhile, Blockdata will remain a stand-alone product with its own team and will be available on its own as well as to CB Insights clients. The conversation between the companies was kicked off by a cold email and came together fully virtually in less than 3 months.

This is CB Insights’ second acquisition following soon after their July 2020 acquisition of the assets of Dow Jones VentureSource. Both M&A transactions provide CB Insights’ clients with proprietary data and intelligence that will purportedly allow them to not just understand but ultimately make better decisions about technology.

said Anand Sanwal, CEO and co-founder of CB Insights.

“We are incredibly happy to have the Blockdata team join us at this turning point for the DLT space.  In the last 8 months,  we have seen customer activity around the blockchain accelerate dramatically.  It’s gone from something that was considered possible or probable to something that is now practical.  As clients think about how to employ blockchain technology to drive growth or improve operations, we’re excited to equip them with the intelligence they need to make decisions more quickly and confidently,”

said Jonathan Knegtel, co-founder of Blockdata.

“We believe that distributed ledger technology lays the foundation for a truly digital economy, and we want to help people enter and navigate this complex space. We’ve admired CB Insights for a long time and this acquisition allows us to grow our team here in Amsterdam and continue to build out next gen tools that will help people track the development of this technology,”