Skew, the cryptocurrency data analytics startup, has received $2 million in seed funding from various venture capital companies, including Kleiner Perkins, the Silicon Valley icon. 

Announced on Wednesday, the seed round was hosted by FirstMinute Capital based in London. The funding round also saw participation from QCP Capital, Seedcamp, and Kima Ventures. The company refused to disclose its total valuation. 

The skewAnalytics service by the company, provides real-time overview of crypto derivatives markets with over 100 chats on crypto options and futures. Skew is a London-based company comprising of 10 employees, most of them coming from traditional finance. It is developing features for institutional clients for visualizing historical data ad also to create dashboards. Currently, it is hiring in engineering, and will eventually hire in distribution. 

“Where we want to focus is on corporates and institutions that need this data to run their business,”  said Emmanuel Goh, the CEO and co-founder of Skew. “We have had heard concerns from interested traders and firms, and they would be able to generate backtest strategies from this data.”

Goh and his co-founder Tim Noat initially worked as traders of exotic options and flow derivatives at JPMorgan Chase and Citi, before they started their own company. 

The company’s analytics tools is similar to the institutional-grade tools that you would find for established products like equity and foreign exchange, said an investing partner at Kleiner Perkins, Monica Desai. 

“As a former trader I’ve found many of their tools (some forthcoming) to feel the most trading floor-native or Bloomberg-esque and am excited to see how they evolve the product as the crypto derivatives space grows exponentially in the next year,” said Desai, who previously managed bond portfolios at JPMorgan.