July 02, 2024
SendBlocks, a trailblazing company in the field of blockchain data management, has revealed today that it has exited stealth mode. It has successfully raised $8.2 million in seed funding, with Castle Island Ventures leading the round. Other institutional investors such as Pitango, Illuminate Financial, Laser Digital (Nomura), Starkware, and several prominent ecosystem leaders have also participated.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
SendBlocks | $8.2M | July 02, 2024 | Seed | $8.2M | Castle Island Ventures | Web3 |
SendBlocks has simplified the process of accessing blockchain data. Their platform is fully adaptable, enabling blockchain businesses, ecosystems, protocols, and applications to specify their relevant data. SendBlocks then takes on the task of mining the blockchain to extract this valuable information.
With the advent of high throughput blockchains, a plethora of new applications for blockchain-based solutions are becoming apparent, largely due to improved usability and reduced transaction costs. Itay Shrem, Co-founder & CEO of SendBlocks, expressed his vision, "Ultimately, we aim to establish a scenario where any developer can access any blockchain data they need, without the necessity for a full data team or incurring thousands of dollars in expenses for each data requirement."
About SendBlocks
SendBlocks is a startup that focuses on simplifying access to blockchain data. The company has developed a fully customizable platform that allows blockchain enterprises, ecosystems, protocols, and applications to define the data that matters to them. SendBlocks then sifts through the blockchain to find these data nuggets. This innovative solution is particularly beneficial as high throughput blockchains emerge, leading to many new use cases for blockchain-based applications due to better usability and cheaper transaction costs.
SendBlocks’ mission is to create a reality where any developer can access any blockchain data they desire, without needing an entire data team or spending thousands of dollars per data need. With higher throughput blockchains emerging, SendBlocks is positioning itself to become the leading data management platform.
Website: https://sendblocks.io/
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About Investor
Investor: Castle Island Ventures
Castle Island Ventures is a venture capital firm that is exclusively focused on public blockchains1. They invest in infrastructure and application companies that are poised to enable these transformative protocols to power services for the next billion users.
The firm was founded by Matthew Walsh and Nic Carter. Prior to founding Castle Island Ventures, Matt was a Vice President at Fidelity Investments where he led a number of the firm’s blockchain/cryptoasset initiatives. Nic Carter, on the other hand, worked for Fidelity as their first cryptoasset analyst, where he devised research perspectives on public blockchains
Location: Cambridge, MA
Website: https://www.castleisland.vc/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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