Allium Labs, a data platform, announced it has raised $16.50 million in a Series A funding round led by Theory Ventures, with founder Tomasz Tunguz joining the board as part of the investment. Seed investors Kleiner Perkins and Amplify Partners also participated in the investment. Allium Labs, which has raised a total of $21.50 million, plans to invest in data infrastructure and marketing activities to provide services that enable Financial Institution Groups to accept digital assets, the company said.