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DappRadar Raises Funds For Research And Development

DappRadar, a decentralized app data and analytics platform, has raised $2.3 million in funding led by Naspers Ventures with participation from Blockchain.com Ventures and Angel Invest Berlin.

According to the firm, the funds will be used primarily for research and development, to offer “new functionality to help the business expand its service and reach the next stage in its growth.”

DappRadar provides data for over 2,500 dApps across seven blockchains including Ethereum, EOS, and TRON. Users on DappRadar can monitor a dApps user count, volume, and transaction count.

“In the short time since we founded DappRadar, we’ve seen the technology mature quickly and its commercial prospects are clearer,” says Skirmantas Januskas, DappRadar CEO and co-founder.

“Blockchain is beginning to disrupt and revolutionise 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,” says Banafsheh Fathieh, Principal at Naspers Ventures.

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