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Crypto data company Dune Analytics raises $ 8 million in Series A round led by Union Square Ventures – Finance Bitcoin News

The team behind the platform that enables users to track data on the Ethereum blockchain, Dune Analytics, announced that the company has raised $ 8 million from strategic investors like Union Square Ventures. Dune Analytics details the company’s plans to use the new funding to hire more aid and monitor other blockchains.

Dune Analytics, provider of crypto metrics, raises $ 8 million

Crypto data services and analytics have seen tremendous demand in 2021 as everyone wants to gather facts about their favorite crypto assets. Bitcoin.com news recently reported via the crypto company Messari, which is raising $ 21 million in a financing round.

In addition, the cryptanalysis company was Skew acquired from Coinbase this year and Coin Metrics recently Raised $ 15 million with Goldman Sachs leading the way. Dune Analytics is a set of data tools that users can use for free to gain insight into Ethereum and decentralized financial analysis (defi).

Last September, Dune Analytics raised $ 2 million in seed funding, and on Thursday the company announced that it had raised $ 8 million in a Series A. The Serie A round was led by Fred Wilson’s Union Square Ventures. In addition, venture companies such as Multicoin Capital, Redpoint Ventures and Dragonfly have joined the Dune Analytics Series A round.

We have a mission to make crypto data accessible💫

This means that every single metric from every single data source is easily available to the community and free of charge👌🤯📊

The data has to flow and that’s why we collected the following:

🚨 $ 8M SERIES A TOUR FROM @ usv🎉🧙‍♀️

🧵👇https: //t.co/MgHEKYGhKG pic.twitter.com/3PRMNCfTLr

– Dune Analytics (@DuneAnalytics) August 12, 2021

Dune Analytics tools provide a large number of charts and graphs, but users can also create their own data charts. The web portal provides insights into data on the latest EIP1559 implementation so that ETH users can observe metrics such as charges burned. Dune Analytics provides decentralized exchange volume (Dex), non-fungible token (NFT) marketplace data and analytics showing the number of Defi users over time.

“At Dune Analytics, our mission is to make crypto data accessible. This is a mission that is getting harder by the day, ”reads the company’s announcement of the capital increase. “Every new product, every new chain and every new scaling solution increases the amount of data and fragmentation, as acceptance and throughput increase. Even so, we are determined to make this mission a reality by making every single interesting metric easily accessible to the community for free across every single crypto data source. “

Dune Analytics: “The data has to flow”

Alongside Dune Analytics, Skew, Coin Metrics, and Messari, Dappradar raised $ 5 million last May. At the end of June, crypto data company Nansen raised $ 10 million from investors.

“At Dune Analytics, we’re a small team with an overwhelming influence on the future of finance and financial data,” concluded Dune founders Fredrik and Mats. “Over the course of this year we have grown the Dune team to eight employees who are spread across Europe. To enable convenient access to crypto data in more use cases, data sources, and on a larger scale, we are now hiring for a number of roles. The data must flow. “

Tags in this story

$ 8 Million, 2 Million, Accessible Data, Capital Increase, Coin Metrics, Crypto Data, Dappradar, Data, DEX, Dragonfly, Dune Analytics, Dune Analytics Statistics, ETH Monitoring, Ethereum, Finance, Investors, Messari, Metrics, Multicoin Capital , Nansen, NFTs, Redpoint Ventures, Seed Funding, Series A, Series A Funding, Skew, Union Square Ventures

What do you think of Dune Analytics raising $ 8 million in a Series A funding round? In the comments section below, let us know what you think of all of these cryptanalysis firms that raised millions in 2021.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

Photo credit: Shutterstock, Pixabay, Wiki Commons, Dune Analytics,

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