Blockchain startup DappRadar, which has created a platform for discovering and analyzing decentralized applications (DApps), announced it raised $2.33 million in seed funding. Blockchain startup DappRadar raises $2.33 million in seed funding
The company will use the investment mainly for R&D, creating fresh features to assist the company in expanding its service and achieving its next phase of development.
DappRadar monitors more than 2,500 dApps through seven blockchains, including Ethereum, EOS, and TRON, with plans to expand to others.
Naspers, a worldwide internet group and one of the world’s most significant shareholders in technology, led the investment, along with the participation of Blockchain.com Ventures and Angel Invest Berlin, through its Naspers Ventures division.
The firm seeks to filter information to remove fraudulent and irrelevant activity. Also, provide market intelligence that is trustworthy and actionable.
Skirmantas Januskas, DappRadar CEO and co-founder, said;
“In the short time since we founded DappRadar, we’ve seen the technology mature quickly and its commercial prospects are clearer.”
“Naspers Ventures’ strategy is to invest in companies and sectors with high, long-term growth potential. Blockchain is beginning to disrupt and revolutionize a number of key industries and DappRadar have succeeded in creating a strong commercial brand and product in the space.”
said Fathieh, Principal and Early Stage Investment Lead at Naspers Ventures.
Samuel Harrison, Managing Partner at Blockchain.com Ventures said;
“DappRadar is playing a vital role in bringing trust, transparency, and discovery to the fragmented world of dapps.”
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the South African A2X Exchange (NPN.AJ) and a London Stock Exchange ADR listing (LSE: NPSN).