For those who know the problem: crypto analytics startup Dune Analytics is raising $ 1 billion in revenue.

Key points:

Financial news comes four months after Dune raised $ 8 million in Series A finance.

The value of the entire crypto industry is skyrocketing. The initial data paid off.

Norwegian crypto-analytics startup Dune Analytics is looking for another round of cash worth around $ 1 billion, according to many investors familiar with the fund.

An expert on the matter said the Co2 Management fund would be involved in the funding.

Details of the change are not yet clear, but it should be noted that the measure came just four months after the start (established in 2018) hit $ 8 million in Series A revenue. At the time, the estimate was not disclosed.

The reporter called Dune and Cotu to speak, but did not respond until press time.

New York investor Union Square Ventures (USV) led Dune's Series A funding, which also includes Redpoint Ventures and early backers Dragonfly Capital and Multicoin Capital.

Dune offers free services that allow users to delete data and graph dashboards from a variety of digital devices, from DeFi protocol to non-fungible tokens (NFTs). They also offer services starting at $ 390 per user.

Since August, Dune supports data requests on 4 blockchains: Ethereum, Polygon, Optimism and xDAI. However, the company's co-founder and CEO Fredrik Haga told The Block at a time when he plans to expand to the full Ethereum virtual machine (EVM), blocking the blockchain and other networks as it does. will be necessary.

The value of cryptocurrency companies is skyrocketing

Dune's financial news updates have come with big gains across the crypto industry.

According to a recent report by The Block Research, the industry now has 64 so-called "unicorns" - private companies worth over $ 1 billion. Of these, 39 companies achieved unicorn status in 2021.

The crypto analytics company has been working and in recent months Kaiko, Messari, Coin Metrics, CryptoCompare, and DappRadar have been fully funded.

On Thursday morning, it was announced that another mobile analytics company, Nansen, had raised $ 75 million in new revenue of $ 750 million.