DappRadar Raises $2.3 Million For Dapp Research & Development

Blockchain startup DappRadar, which monitors and analyzes over 2500 decentralized applications, has now secured a 2.3 million dollar investment from Naspers Ventures, Angel Invest Berlin, and Blockchain.com Ventures. These funds will be used for research and development to create functionalities that can help businesses.

In short: DappRadar will use the funds to help businesses expand β€” and take them to the next stage of growth.

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Apart from the funding details, the Medium post also signals the company’s current foothold in the industry. DappRadar tracks over 2500 decentralized apps, reveals the ranking, ongoing transactions, and shows data that is important. In many ways, the company received the seed fund for its insightful market data.

Skirmantas Januskas, DappRadar CEO and co-founder, shared: β€œIn the short time since we founded DappRadar, we have seen the technology mature quickly and its commercial prospects are clearer.”

With the goal to list ETH dapps, DappRadar was launched in the year 2018 (Feb). In no time, the company turned into the most trusted source of dapp data for developers and users and continued listing dapps created by the EOS, TRX, IOST, LOOM, ONT, and ThunderCore community.

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