Blockchain analytics company bitsCrunch raises $3.6 Mn

Blockchain analytics firm bitsCrunch has raised $3.6 million in a private round from lead investor Animoca Brands with participation from Coinbase Ventures, Crypto.com Capital, Polygon Studios.

The round also saw participation from Borderless Capital, Bison Funds, Mapleblock, Morning Star Ventures, Shima Capital, GravityX, Thykeblock Ventures, and Spark Digital Capital. 

The new funding will be utilised to expand the team in India that can focus on securing many prominent blockchains like Solana, Polkadot, Algorand and others, said bitsCrunch in a press release.  

Founded by Vijay Pravin Maharajan, bitsCrunch helps people to make purchasing decisions on NFTs, enabling people to decide which NFTs to buy, and which not to buy.

Earlier in September last year, the Chennai and Munich-based startup had raised $750k in its seed round from Covalent, Double Peak, GenBlock Capital, Ledger Prime, MEXC Global, and Synaps.