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Blockchain data provider Allium Labs completes a $16.50 million Series A financing round, led by Theory Ventures.

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TechFlow
328Words
Jul 18, 2024

In the latest news from TechFlow on July 18, according to CoinDesk, blockchain data provider Allium Labs has completed a $16.50 million Series A financing round, led by Theory Ventures, with founder Tomasz Tunguz joining the board. Kleiner Perkins and Amplify Partners also participated in this funding round. Allium Labs provides enterprise blockchain data for companies such as Visa, Stripe, and the Uniswap Foundation, and plans to use the funds for data infrastructure development and market expansion. The latest data shows a resurgence in stablecoin demand by 2024, with a circulating supply approaching $150 billion and monthly active users reaching 27.50 million.

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