The funding round, led by Republic Capital, values the company at $350 million.
The round was led by Republic Capital. Other investors included True Ventures, Galaxy, Terra, Dapper Labs,Flipside analyzes blockchain networks through a process it calls “chainwalking” to gain insight into the impact of on- and off-chain activities on holders, miners, voters and token holders. This data is curated and made freely available to analysts.
“We produced 30,000 bounties in March 2022 and are on track to blow that out of the water in April,” said Balter. The company paid out more than $2 million in bounties last year and onboarded 19,000 analysts in March. The goal is to continue “to build solutions to scale and process bounties into the many hundreds of thousands each month,” said Balter.
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