Analytics platform Dune Analytics raises $8m

Analytics platform Dune Analytics raises $8m

Norway-based analytics start-up Dune Analytics has raised $8m in a Series A funding round.

0/ I’m excited to announce that @multicoincap is doubling down on @DuneAnalytics and recently participated in their Series A led by @usv with participation from @dragonfly_cap and @redpointvc !

The round was led by New York-based Square Ventures, with other participants including Redpoint Ventures, Dragonfly Capital and Multicoin Capital.

Dune Analytics will use the funds raised to increase staff, launch a new platform and support new blockchains.

The analytics platform currently interfaces with data from Ethereum, Polygon, Optimism and xDAI. The developers plan to integrate all systems compatible with the Ethereum virtual machine.

Most features of Dune Analytics are available for free - users can query the database and create dashboards. The $390-a-month paid option offers advanced customisation options, private queries and data exports.

The firm raised $2 million in seed funding last September. According to the results of the last round, the total amount of venture investments in Dune Analytics reached $10 million.

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