Closes $2 Million Strategic Funding Round to Launch its Decentralized Data Query Network
Summary
This strategic funding round will cement Covalent’s leadership position in the fast-emerging third breakout category of crypto: APIs making blockchain data more accessible. In addition to the aforementioned investors, this round also saw participation from leading base layer chains, including Moonbeam, Avalanche, Near, and Elrond. Along with the base layer partners, Covalent has secured an initial cohort of professional validators including Ankr, Figment, Chorus One, and StakeWithUs. With this new funding round, expect us to ship more product, richer and more granular data, solve more as-of-yet unsolved problems while we onboard more retail and enterprise use-cases. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets.