The Web3 analytics platform Dune Analytics has introduced it has closed a $69.4 million Sequence B fundraise led by Coatue. The agency’s newest fundraise follows the corporate’s Sequence A final August when Dune Analytics raised $8 million. With the Sequence A and B mixed, the agency has been propelled to unicorn standing with a post-money valuation of $1 billion.
Dune Analytics Secures $69.4 Million in Sequence B Financing Spherical, Plans to Supply Monetary Compensation to Contributors
On Wednesday, the decentralized finance (defi), non-fungible token (NFT), and Web3 analytics platform Dune Analytics revealed the corporate has raised $69.4 million in a Sequence B led by Coatue. Dune Analytics additional detailed that Multicoin Capital and Dragonfly Capital participated within the Sequence B fundraise as effectively. Dune Analytics is a community-based analytics platform that enables customers to entry Web3 knowledge and filter it into handy charts, graphs, and comparative metrics.
Dune Analytics says the brand new funds will assist bolster infrastructure but in addition assist hone an idea that provides monetary incentives. “Dune will leverage the funds to create an infrastructure that distributes monetary rewards for user-generated content material, attracting and incentivizing engagement from as much as a million new web3 analysts, often called Dune Wizards, throughout the group,” the corporate’s announcement notes. The analytics agency’s announcement provides:
Dune Wizards won’t solely have the ability to create personalized visualizations that talk real-time on-chain intelligence, [but] they can even obtain monetary compensation for his or her ongoing engagement and contributions.
Enterprise Capital Flocks to Crypto Analytics Suppliers — Dune Analytics Co-Founder Says Crypto Ecosystem Information Is Extraordinarily Helpful
Analytics platforms have executed very effectively during the last 12 months and a myriad of blockchain and crypto-related analytics corporations have raised tens of millions of {dollars} in financing. The NFT knowledge and analytics platform Cryptoslam raised $9 million throughout the first week of January. The crypto analytics enterprise Coin Metric secured $15 million in Might 2021 and the analytics supplier Messari raised $21 million in August 2021.
Presently, Dune Analytics provides knowledge queries for 5 blockchains together with Ethereum, Binance Sensible Chain, Xdai, Polygon, and Optimism. The corporate mentioned it plans to “incorporate all Layer-1 and Layer-2 sensible contract platforms.” Dune Analytics co-founder and CTO, Mats Olsen mentioned that the info within the crypto ecosystem is “extraordinarily helpful” and the agency hopes to spice up the platform’s efficiency this 12 months.
“Ever-increasing quantities of capital flows by way of the crypto ecosystem, in flip producing extraordinarily helpful knowledge. The Dune group is extracting information from this knowledge at scale. Dune will present the required instruments in order that customers of all ability ranges will have the ability to conduct extra considerate, impactful evaluation and acquire deeper perception into the ever-evolving world of Web3,” Olsen remarked in a press release despatched to Bitcoin.com Information.
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