Flipside Crypto Raises $50M at $350M ValuationMolly Jennings
Analyst firm Flipside Crypto has raised $50 million in a funding round led by Republic Capital.
1/ A bit of news: @flipsidecrypto has raised $50M. Yeah, we’re excited (and humbled 🙏).
All the deets in this Gitbook: https://t.co/O1Hz1btlZJ
— Flipside Crypto (@flipsidecrypto) April 19, 2022
It also featured True Ventures, Galaxy, Terra, Dapper Labs, M13 and other venture capitalists.
The firm will use the funds raised to support new networks and second level solutions development of analytical tools and launch of bounty programs.
In 2018, the Boston-based startup attracted $4.5 million in seed investments. Next year at Flipside Crypto invested $7.1 million Galaxy Digital, Castle Island Ventures and other firms.
The company currently employs 66 people. Flipside Crypto management plans to expand the staff to 85 employees by the end of the year.
Recall that in April, the analytical firm Coin Metrics raises $35 million following the results of the Series C funding round.