July 18, 2024
Allium Labs, a data platform that supplies blockchain data of enterprise quality to corporations such as Visa, Stripe, and the Uniswap Foundation, has successfully raised $16.5 million in a Series A funding round, as announced on Thursday.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Allium Labs | $16.5M | July 18, 2024 | Series A | $21.5M | Theory Ventures | Market Data |
The lead investor in this round was Theory Ventures, a venture capital firm. As part of the investment deal, Tomasz Tunguz, the founder of Theory Ventures, will be joining Allium's board. Tunguz expressed his belief that the interest in cryptocurrencies and tokens is just beginning to grow, and Allium is poised to supply the necessary data to encourage wider acceptance.
The round also saw participation from seed investors Kleiner Perkins and Amplify Partners. With this latest funding, Allium Labs' total capital raised now stands at $21.5 million. The company plans to use these funds to enhance its data infrastructure and market presence, with the aim of offering services that enable financial institutions to integrate digital assets into their operations.
About Allium Labs
Allium Labs is an enterprise-grade blockchain data platform that provides accurate, fast, and simple blockchain data to its users. The platform serves over 40 blockchains and 100+ schemas in near real-time. It is trusted by leading companies and supports real-time workloads of up to 80k queries per second.
The platform offers a range of services including Allium Explorer and Allium Developer. The Allium Explorer accelerates the data exploration journey by providing an easy-to-use query interface. On the other hand, Allium Developer empowers engineers to build their own workflows to power real-time blockchain applications.
Website: https://www.allium.so/
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About Investor
Investor: Theory Ventures
Theory Ventures is an investment firm that primarily invests in early-stage software companies. The firm is known for investing amounts ranging from $1 million to $25 million in companies that can transform technology discontinuities into go-to-market advantages.
The founder of Theory Ventures is Tomasz Tunguz. He is an active participant in the tech industry and often shares his insights and predictions about the future of technology. For instance, he has made predictions about AI dominance, the resurgence of web3, and the new normal of tech investments.
Location: San Francisco, United States
Website: https://theory.ventures/
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