Paris-based Bubblemaps, a firm specializing in blockchain data visualization, announced on Monday that it had secured $3.2 million in seed funding from a group of investors. Bubblemaps stated that the newly acquired funds would be directed toward a mission to increase access to blockchain data, serving both individuals and institutions.
Bubblemaps Raises $3.2M to Boost Blockchain Data Access
Bubblemaps secured $3.2 million in a seed funding round, with INCE Capital leading the investment effort. Other contributors to the fundraising initiative included Cronos Chain, Avalanche, V3ntures, Momentum 6, Lbank, Stake Capital, and others.
“We’ve successfully raised €3M to accelerate blockchain data innovation,” announced Bubblemaps on the social media platform X.
The platform offers users vibrant bubble visualizations linked to onchain data for blockchains, decentralized finance (defi), and non-fungible tokens (NFTs). Bubblemaps dubs the platform the “first supply auditing tool for defi tokens and NFTs.” Bubblemaps has established partnerships with various blockchain projects, including Polygon, Fantom, Cronos, BNB, Arbitrum, and Avalanche.
In the past two years, companies specializing in blockchain and crypto-related analytics have secured substantial investments. In August 2021, Messari raised $21 million, while just a few months earlier in May, Coin Metrics obtained $15 million. February 2022 witnessed Dune Analytics raising $69.4 million, and the preceding month, Cryptoslam secured $9 million.
What do you think about Bubblemaps raising $3.2 million? Share your thoughts and opinions about this subject in the comments section below.
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