Analytics Platform Dune Analytics Raises Nearly $70M in Series B Round, Led by Coatue

Ethereum-centric analytics platform Dune Analytics has raised $69,420,000 in Series B funding led by New York-based private equity firm Coatue.

According to the announcement, the funding will educate, reward and empower a new generation of web3 data analysts.

Dune will be committed to attracting one million talents from all over the world to join the web3 field and become the most convenient and powerful data tool on the planet from three aspects: education, reward and Empower.

For education, anyone can access blockchain data with Dune for free. At the same time, the creators will be paid according to the creative content.

Dune Analytics says a brand new Dune query engine is coming soon. The new search engine will support all blockchains and allow users to import public or private data.

Other investors include Multicoin Capital and Dragonfly Capital — who also participated in Dune Analytics’ $8 million Series A funding round on August 12 last year.

Dragonfly Capital Partners injected $2 million into it as the lead seed round investor on September 23, 2020.

Dune Analytics has raised a total of $79.4M in funding over 3 rounds. Dune Analytics is funded by 21 investors.

The company is currently valued at over $1 billion and achieves unicorn status with only 16 employees,

Unicorn refers to a technology start-up company that has been established less than 10 years ago but has a valuation of more than $1 billion ($1 billion) and has not been listed on the stock market. 

Image source: Dune Analytics