DappRadar, one of the leading database platforms for decentralized applications (dapps), has reportedly raised a $2.3 million seed round led by Naspers Ventures.
We’re excited to announce DappRadar has raised a $2.3m seed round. It was led by @NaspersVentures with participation from @blockchain‘s new venture arm. https://t.co/0W5IxEFkME pic.twitter.com/BmOZpsU55j
— DappRadar (@DappRadar) September 5, 2019
According to the recent announcement, the funds will be used to drive DappRadar’s R&D to develop new functionalities that expand the website’s services. DappRadar currently tracks over 2,500 dapps across 7 different blockchain platforms, including Ethereum (ETH), EOS (EOS), TRON (TRX) and Loom Network (LOOM).
“In the short time since we founded DappRadar, we’ve seen the technology mature quickly and its commercial prospects are clearer,” said Skirmantas Januskas, DappRadar CEO and co-founder. “With Naspers Ventures’ international consumer expertise and Blockchain.com’s industry knowledge, we are in an excellent position to harness this momentum to expand our business further.”
“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 has succeeded in creating a strong commercial brand and product in the space. We are excited for our partnership and the opportunity that lies ahead for the company,” added Banafsheh Fathieh, Principal and Early Stage Investment Lead at Naspers Ventures.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.