Blockchain Analytics platform Whalemap has raised around $1.6 million in a fresh funding round to simplify blockchain data for everybody, media reports said. The funding round was led by Shima Capital and Momentum 6.
Other investors that also participated in the funding round for Whalemap include Anthony Pompliano, Ghaf Capital, NFT Technologies, RR2 Capital and EIV Ventures. Angel investors from Coin98, Claystack, Solstarter and Rarestone also participated.
The funds raised by Whalemap will be used to expand Whalemap’s data science and blockchain engineering team. Further, the funds will also be used to weave all Whalemap features into a sustainable blockchain data analytics platform with mainstream adoption in mind.
Whalemap co-founder Artem Lazarev told the media, “We see a future where blockchain analytics are an integral part of a mature crypto economy. And in the age of information overload, it is important to make it practical, engaging, and mainstream compatible. So far, blockchains have allowed for the democratization of the finance world. Now, with Whalemap’s help, it’s analytics’ turn.”
Since its inception in 2020, Whalemap has been committed to making the blockchain industry more beginner-friendly, exciting, fun, and useful. So far, the firm has secured over 34,000 users and over 1 million lifetime API requests.
Co-Founder Andy Bohutsky further said that the firm makes all traders equal. Whalemap democratise data and gives every crypto enthusiast the key to analyzing blockchain data. “We utilize our tokemomics to make hedge-fund level of data accessible to everyone,” he told the media.