Funding Details
- Awarder
- Inbox
- Date Award
- June 26, 2024
- Vertical
- Blockchain data infrastructure
- Funding URL
- View Funding Page
Company Info
- Founding Year
- Unknown
- Traction
- None
- Organizations Involved
- RockTree Capital, CMCC Global, Moonrock Capital, Double Peak Group
- Founders
- Unknown
- Company Description
- Covalent has announced the successful closing of a $5 million strategic funding round led by RockTree Capital. They have also unveiled the New Dawn Initiative, described as a 'complete rebrand' to bring the project closer to its crypto-native community and 'farther from corporate influences.' Covalent plans to use the funds to expand operations to Asia and support the adoption of Long-Term Data Availability in China, Korea, and Singapore.
- Market
- Crypto
- Location
-
Unknown,
Unknown,
US
- Coinvestors
- RockTree Capital, CMCC Global, Moonrock Capital, Double Peak Group
Links