Dapp Data Platform DappRadar Raises $2.3 Million Seed Round

Dapp rankings on DappRadar.com

DappRadar, one of the leading database platforms for decentralized applications (dapps), has reportedly raised a $2.3 million seed round led by Naspers Ventures.

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‚Äôs 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.

This news comes just as Dapp.com, a competing dapp distribution platform, closed a $1 million investment round led by Hashed, a Korean blockchain accelerator and investment fund.

Recent: Hashed Leads $1 Million Investment Round for Dapp.com
Similar: Bug bounty platform HackerOne raises $36.4 million

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.

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