Dune Analytics Will Become a “Unicorn” with a $1 Billion Valuation

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Dune Analytics, a Norwegian-based analytical startup, is preparing to close a funding round that will bring its valuation to $1 billion, The Block has reported.

According to them, New York-based Union Square Ventures will lead the Series A round, which will also include Coatue Management, Redpoint Ventures, Dragonfly Capital and Multicoin Capital.

The analytics platform interacts with Ethereum, Polygon, Optimism and xDAI data. The developers of the project plan to integrate all systems compatible with the Ethereum virtual machine.

Most of the functions of Dune Analytics are available for free – users can access the database and create dashboards. The paid option, starting at $390 per month, offers advanced customization options, private queries and data export.

The company raised in August $8 million.

According to The Block, there are 64 startups in the crypto industry with a valuation of $1 billion and more. 39 of them achieved unicorn status in 2021.

We should remember that analytical company Nansen attracted $75 million in a Series B funding round led by Accel.

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