# Dune Analytics AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dune-analytics

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.duneanalytics.com
- Total disclosed funding: $79M
- Latest round: Series B (Feb 2, 2022)
- Investors on record: 12

## About

Dune Analytics AS specializes in data analytics for the cryptocurrency and blockchain sectors, enabling users to access real-time, multichain data through innovative products designed for developers and analysts.Dune Analytics AS was founded in 2018 and is headquartered in Oslo, Norway. The company focuses on providing powerful data analytics solutions tailored for the blockchain industry. The founders, Fredrik Haga and Mats Olsen, have backgrounds in technology and data, with Fredrik Haga serving as the current CEO. Dune Analytics has successfully raised a total of USD 69.42 mn through 4 different funding deals, with the most recent being a Series B funding round in February 2022, led by Coatue Management and including participation from Dragonfly Capital and Multicoin Capital, bringing the total amount raised to USD 69.42 mn and valuing the company at USD 1,000.00 mn.Dune Analytics offers a suite of robust data analytics products targeting the cryptocurrency and blockchain sectors. Their key offerings, Dune Sim, Catalyst, and Datashare, provide developers, analysts, and blockchain projects with real-time access to data from over 60 blockchain networks. Dune Sim acts as a developer platform, facilitating quick integration for app builders, while Catalyst helps chains deliver reliable data to users. Datashare allows analysts to export and stream large datasets into their systems, serving a customer base that includes Web3 companies, blockchain developers, and institutional investors across North America, Europe, and Asia.In the most recent year, 2023, Dune Analytics reported a revenue of USD 4,018,763 and an EBITDA of USD -14,878,199. The company generates revenue through enterprise subscriptions, partnerships, and direct transactions, offering tiered subscriptions for various levels of data analytics services, catering to small teams and larger enterprises.Following the Series B funding round in February 2022, Dune Analytics plans to utilize the USD 69.42 mn raised to develop an infrastructure that rewards user-generated content, targeting to engage one million new Web3 analysts. The company aims to expand its presence in existing markets and explore new geographic regions, focusing on enhancing product offerings and fostering greater participation in the cryptocurrency landscape.

## Funding rounds

- Series B, Feb 2, 2022, $69M — Coatue Management, Multicoin Capital, Dragonfly Digital Management
- Series A, Aug 12, 2021, $8M — Redpoint Ventures, Union Square Ventures, Multicoin Capital, Dragonfly Digital Management
- Seed, Sep 23, 2020, $2M — Digital Currency Group, Multicoin Capital, Semantic Ventures, Coinbase Ventures, Hashed Ventures, Dragonfly Capital, Alameda Research, Coingecko

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed, Series A, Series B
- Semantic Ventures (https://capitalatlas.ai/funds/semantic-ventures) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- Dragonfly Capital — Seed
- Alameda Research — Seed
- Coingecko — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B