Web3 Data Platform Dune Analytics Propels to Unicorn Status After $69.4 Million Fundraise

The Web3 analytics level Dune Analytics has announced it has closed a $69.4 cardinal Series B fundraise led by Coatue. The firm’s latest fundraise follows the company’s Series A past August erstwhile Dune Analytics raised $8 million. With the Series A and B combined, the steadfast has been propelled to unicorn presumption with a post-money valuation of $1 billion.

Dune Analytics Secures $69.4 Million successful Series B Financing Round, Plans to Offer Financial Compensation to Contributors

On Wednesday, the decentralized concern (defi), non-fungible token (NFT), and Web3 analytics level Dune Analytics revealed the institution has raised $69.4 cardinal successful a Series B led by Coatue. Dune Analytics further elaborate that Multicoin Capital and Dragonfly Capital participated successful the Series B fundraise arsenic well. Dune Analytics is simply a community-based analytics level that allows users to entree Web3 information and filter it into convenient charts, graphs, and comparative metrics.

Dune Analytics says the caller funds volition assistance bolster infrastructure but besides assistance hone a conception that offers fiscal incentives. “Dune volition leverage the funds to make an infrastructure that distributes fiscal rewards for user-generated content, attracting and incentivizing engagement from up to 1 cardinal caller web3 analysts, known arsenic Dune Wizards, wrong the community,” the company’s announcement notes. The analytics firm’s announcement adds:

Dune Wizards volition not lone beryllium capable to make customized visualizations that pass real-time on-chain intelligence, [but] they volition besides person fiscal compensation for their ongoing engagement and contributions.

Venture Capital Flocks to Crypto Analytics Providers — Dune Analytics Co-Founder Says Crypto Ecosystem Data Is Extremely Valuable

Analytics platforms person done precise good implicit the past 12 months and a myriad of blockchain and crypto-related analytics companies person raised millions of dollars successful financing. The NFT information and analytics level Cryptoslam raised $9 cardinal during the archetypal week of January. The crypto analytics concern Coin Metric secured $15 cardinal successful May 2021 and the analytics supplier Messari raised $21 cardinal successful August 2021.

Currently, Dune Analytics offers information queries for 5 blockchains including Ethereum, Binance Smart Chain, Xdai, Polygon, and Optimism. The institution said it plans to “incorporate each Layer-1 and Layer-2 astute declaration platforms.” Dune Analytics co-founder and CTO, Mats Olsen said that the information successful the crypto ecosystem is “extremely valuable” and the steadfast hopes to boost the platform’s show this year.

“Ever-increasing amounts of superior flows done the crypto ecosystem, successful crook producing highly invaluable data. The Dune assemblage is extracting cognition from this information astatine scale. Dune volition supply the indispensable tools truthful that users of each accomplishment levels volition beryllium capable to behaviour much thoughtful, impactful investigation and summation deeper penetration into the ever-evolving satellite of Web3,” Olsen remarked successful a connection sent to Bitcoin.com News.

What bash you deliberation astir Dune Analytics raising $69.4 cardinal from investors? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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