Dune Analytics Hits Unicorn Status After Raising $70M

Blockchain analytics firm Dune Analytics is the latest crypto firm to hit unicorn status ($1 billion valuation) after raising approximately $69,420,000 in a Series B round led by private equity firm Coatue with additional participation from Multicoin Capital and Dragonfly Capital. With the new capital, Dune wants to empower its community of analysts or ‘Dune Wizards’ and pay them for creating dashboards. So far, Dune has had over 10,000 analysts compile 100,000 different pieces of information to create Web3 data charts. The firm plans to bring more analysts to the platform and reward them as the company believes that a large chunk of blockchain data is still largely underutilized. “With this financing we’re doubling down on our mission to make crypto data accessible and are committed to bringing a million Dune Wizards to Web3,” the announcement post detailed. In addition, the platform also wants to invest in educational resources so that anyone can learn to analyze blockchain data without having a prior technical background. It also plans to launch a highly requested API that allows developers to integrate the data into their own apps and platforms. 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 Analy...