This article comes fromThe Block, by Michael McSweeney
Odaily Translator |
Summary:
This article comes from
, by Michael McSweeney
Odaily Translator |
secondary titleSummary:Dune Analytics, an Ethereum analysis platform, completed a $2 million seed round of financing, led by Dragonfly Capital.
Other investors include Coinbase Ventures, Coingecko, Multicoin Capital and others.Dune Analytics has raised $2 million in seed funding. It is reported that Dune Analytics is a community-driven analysis platform that provides data tools for the Ethereum network.
The round was led by Dragonfly Capital, with participation from Multicoin Capital, Hashed, Semantic Ventures, Coinbase Ventures, Coingecko, Alameda Research, and Digital Currency Group.
The round also attracted a string of angel investors from across the digital asset ecosystem
, including protocol founders such as Aave founder Stani Kulechov, Aragon founder Luis Cuende, and Gnosis founder Stefan George.
In an interview, Dune co-founder Fredrik Haga reflected on the startup's history, talking about his experiments with co-founder Mats Julian Olsen at a Norwegian media company.
Backed by Binance’s startup incubator, Dune later came out of stealth mode last fall.
The end result is an open analytics platform that offers a free service and offers value-added services like private queries and data exports for those customers who want a more personalized experience. While value-added services preceded Dune's community offerings, Haga credits the latter as the main driver of Dune's recent growth."Along the way, the key thing that has made Dune so powerful is that when you open it up and just say 'this is free and open to the community,' people can learn from each other. It becomes a kind of Something very powerful, not like a closed garden where only you internally or customers interact with the data in an isolated way."。”
Those clients include seed investors, whom Haga says “are easy to reach and convince once we have the momentum we have.”
Haga went on to say that the funds will be used to scale the team to support the site's growth and, more specifically, meet the needs of its expanding user base.
"We were in a position where people were asking for features from us, and as a two-person team we couldn't deliver what users wanted," Haga said. "It was clear that we needed to grow the team size to meet the demand we were seeing."
