Dapp.com Closes $1 Million Investment Round Led by Hashed

This past Thursday, dapp.com closed a $1 million Pre-A Investment round led by Hashed, a South Korean blockchain VC firm, and Du Capital.

Dapp.com provides data analytics for decentralized app products built on blockchains such as ethereum, EOS, tron, steem, and others.

In a statement, Dapp.com Founder and CEO, Kyle Lu said the funds will be directed toward opening new markets.

“These funds will be used to help Dapp.com boost our user base and revenue by expanding to new markets (especially Korea), as well as to drive growth through opportunities unlocked by the new resources injection.”

Founded in 2017, Hashed is one of the largest cryptocurrency investment firms in South Korea. Its prior investments include Handshake, QuarkChain, and Oasis Labs.

Competitor dapp data analysis platform DappRader also closed a funding round this week, led by Naspers and Blockchain.com Ventures.

Decentralized app image via CoinDesk archives

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

William Foxley

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.