Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise – Finance Bitcoin News


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 Provide 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 nicely. 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 additionally assist hone an idea that gives 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 known as Dune Wizards, throughout the neighborhood,” the corporate’s announcement notes. The analytics agency’s announcement provides:

Dune Wizards is not going to solely be capable to create personalized visualizations that talk real-time on-chain intelligence, [but] they will 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 Invaluable

Analytics platforms have performed very nicely during the last 12 months and a myriad of blockchain and crypto-related analytics corporations have raised hundreds of thousands of {dollars} in financing. The NFT knowledge and analytics platform Cryptoslam raised $9 million in the course of 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.

Presently, Dune Analytics affords knowledge queries for 5 blockchains together with Ethereum, Binance Good 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 invaluable” and the agency hopes to spice up the platform’s efficiency this yr.

“Ever-increasing quantities of capital flows by means of the crypto ecosystem, in flip producing extraordinarily invaluable knowledge. The Dune neighborhood is extracting information from this knowledge at scale. Dune will present the mandatory instruments in order that customers of all talent ranges will be capable to conduct extra considerate, impactful evaluation and achieve deeper perception into the ever-evolving world of Web3,” Olsen remarked in an announcement despatched to Bitcoin.com Information.

Tags on this story

$69.4 million, accessible knowledge, Binance Good Chain, Capital increase, Coatue, Coin Metrics, crypto knowledge, dappradar, knowledge, DEX, Dragonfly, Dune Analytics, Dune Analytics stats, ETH Monitoring, Ethereum, Finance, Buyers, messari, metrics, Multicoin Capital, NFTs, Optimism, Polygon, Sequence A, Sequence A financing, Sequence B, xDAI

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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 energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising right now.

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