Dune Analytics: Raises $69.42M in Series B Funding

Dune Analytics: Raises $69.42M in Series B Funding

• Dune Analytics, an Oslo, Norway-based developer of a web3 analytics platform, raised $69.42M in Series B funding at $1 billion valuation
• The round was led by Coatue, with participation from existing investors including Multicoin Capital and Dragonfly Capital
• The company intends to use the funds to educate, reward, and foster a new generation of analysts, who will be empowered with real-time, actionable insights into web3 data
• DuneAnalytics makes on-chain crypto data accessible and consumable through its community-powered platform
• The company provides tools that allow data to be extracted, queried, dissected, and visualized in the form of real-time dashboards
• To date, more than 10,000 analysts have created 100,000 pieces of analysis on Dune that cover a wide range of metrics