Dune Analytics Raises $2M

Dune Analytics Raises $2M

By Abhimanyu Krishnan | News | 24 Sep 2020


DeFi data platform Dune Analytics has raised $2 million in a seed funding round led by Dragonfly Capital, according to an announcement made on September 23.

  • In addition to Dragonfly Capital, Dune Analytics received investment from Multicoin Capital, Hashed, Coinbase Ventures, Digital Currency Group, Alameda Research and CoinGecko
  • Several notable individuals in the DeFi space, like Stani Kulechov of Aave and Ryan S Adams of Mythos Capital, also participated
  • Funding will be used to scale and improve the product, as well as for hiring
  • A swathe of DeFi platforms and protocols have raised money in recent months, as DeFi grows increasingly more popular
  • Cryptocurrency fund manager Panxora recently announced it will raise $50 million for a DeFi-focused investment product

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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