Web3 Information Platform Dune Analytics Propels to Unicorn Standing After $69.4 Million Fundraise – Finance Bitcoin Information


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 properly. Dune Analytics is a community-based analytics platform that permits 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, generally known as Dune Wizards, inside the group,” the corporate’s announcement notes. The analytics agency’s announcement provides:

Dune Wizards won’t solely have the ability to create custom-made visualizations that talk real-time on-chain intelligence, [but] they may 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 Worthwhile

Analytics platforms have accomplished very properly over the past 12 months and a myriad of blockchain and crypto-related analytics firms have raised hundreds of thousands of {dollars} in financing. The NFT knowledge and analytics platform Cryptoslam raised $9 million through the first week of January. The crypto analytics enterprise Coin Metric secured $15 million in Could 2021 and the analytics supplier Messari raised $21 million in August 2021.

At the moment, Dune Analytics provides knowledge queries for 5 blockchains together with Ethereum, Binance Good Chain, Xdai, Polygon, and Optimism. The corporate stated it plans to “incorporate all Layer-1 and Layer-2 sensible contract platforms.” Dune Analytics co-founder and CTO, Mats Olsen stated that the information within the crypto ecosystem is “extraordinarily worthwhile” and the agency hopes to spice up the platform’s efficiency this 12 months.

“Ever-increasing quantities of capital flows by the crypto ecosystem, in flip producing extraordinarily worthwhile knowledge. The Dune group is extracting data from this knowledge at scale. Dune will present the required instruments in order that customers of all talent 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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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising in the present day.

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