Funding

DappRadar raises $2.3 million in seed round for decentralised app directory

(c)iStock.com/OstapenkoOlena

DappRadar, a Lithuanian firm that lists the most popular decentralised applications (dapps), recently secured $2.3 million (£1.89m) in a seed funding round led by South African multinational media and internet group Naspers.

The funding round, led through Naspers Ventures, was also accompanied by Blockchain.com Ventures and Angel Invest Berlin.

DappRadar will be using the accumulated funds mainly for R&D, developing new functionality to help the business expand its service and reach the next stage in its growth. The platform tracks more than 2,500 dapps across seven blockchains and filters data to remove false and irrelevant activity and provide trustworthy, actionable market intelligence.

Skirmantas Januskas, CEO and co-founder of DappRadar, said: “In the short time since we founded DappRadar, we have seen the technology mature quickly and its commercial prospects are clearer. With Naspers Ventures’ international consumer expertise and Blockchain.com’s industry knowledge, we are in an excellent position to harness this momentum to expand our business further.”

Earlier this month, Colorado-based blockchain firm Dapix raised £4.63m in series A funding led by Binance Labs. Dapix, which empowers the blockchain ecosystem with revolutionary inter-wallet usability, was responsible at the initial development stage of the FIO Protocol, which is an industry-based, decentralised service layer that improves usability across every blockchain, token or coin. In due course, the Protocol would be guided by the Foundation for Interwallet Operability (FIO).

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

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