5 Best Cryptocurrency Startups to Watch

3. Spring Labs

Spring Labs is a company that is building a platform which will enable big financial institutions to securely share data between themselves without compromising on user identities. The company has so far raised more than $68 million in funding over three rounds, with the latest $30 million raised at a round in late April. On May 11, consumer credit reporting agency TransUnion (NYSE: TRU) revealed that it invested in Spring Labs as it seeks to explore new models for user profiling in baking services. 

The endorsement by TransUnion (NYSE: TRU), a company with a market capitalization of more than $20 billion, will boost the profile of Spring Labs and bring in more investors to the company. TransUnion (NYSE: TRU) invested in the startup after lengthy discussions with Spring Labs founder and CEO Adam Jiwan. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Select Equity Group) is a leading shareholder in Spring Labs founder and CEO Adam Jiwan with 4.3 million shares worth more than $391 million.