Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Blockchain data infrastructure firm Covalent has successfully raised $5 million in a strategic funding round. The round was led by RockTree Capital, with participation from CMCC Global, Moonrock Capital, and Double Peak Group. The funds will be used to drive market growth in the second half of 2024, particularly focusing on expanding Covalent's data infrastructure in the Asia-Pacific (APAC) regions. The company aims to help developers access their decentralized application (DA) solution, referred to as the 'Ethereum Wayback Machine.' This funding marks a significant milestone for Covalent as it continues to rebrand and expand its services. Former BitMEX CEO Arthur Hayes is also involved in the initiative.
Our alumni, @Covalent_HQ, has raised $5 million in a strategic round led by @RockTreeCapital, with @CMCC_Global, @MoonrockCapital and @DoublePeakGroup also participating. Congrats to the team! 👏 https://t.co/X2zFQ9jfxm
Covalent has rebranded and raised new funding $5M to expand to APAC regions and help devs access their DA solution— Ethereum Way back Machine https://t.co/fEnKRhnnEa
COVALENT RAISES $5M TO EXPAND BLOCKCHAIN DATA INFRASTRUCTURE IN ASIA: FACTS… - @Covalent_HQ Network, a data infrastructure firm, has completed a $5 million strategic funding round. - The round was led by RockTree Capital and saw participation from notable investors including… https://t.co/25Z4VVnLJ5 https://t.co/DLoHU09R1O