Dune Analytics has raised investments of $69,4 million

The company has successfully completed a Series B funding round

03.02.2022 - 08:30

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1 min

What’s new? Dune Analytics, an analytical blockchain company, has reported on the completion of another funding round, which was led by Coatue. The Series B round managed to raise a total of $69,4 million in investment. The company’s valuation currently exceeds $1 billion.

gm We’ve raised $69,420,000 in Series B Funding, led by Coatue 🦄 We’ll use the funds to double down on our mission of making crypto data accessible! & to educate, reward and empower a new generation of on-chain analysts aka Dune Wizards 🧙‍♂️👇https://t.co/jJtikXCTSg— Dune Analytics (@DuneAnalytics) February 2, 2022

What will the funds be used for? Dune Analytics said that it will use the funding raised to do even better with its core mission. The company aims to make cryptocurrency data more accessible and to train, reward, and empower the next generation of Web 3.0 data analysts.

The company’s tools currently enable blockchain data from Ethereum, xDAI, Optimism, and Polygon. The near-term plans include expanding the capabilities and integrating new blockchains into the analytical system’s operations.

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