Dune Analytics raises $2M seed round led by Dragonfly Capital

We are excited to announce that we have raised a $2 million seed round led by Dragonfly Capital to scale up the Dune Analytics team and product.

Ever since our inception in 2018 we’ve been a two man operation, building out Dune Analytics on a shoestring budget. Today we are excited to announce that we have raised a $2 million seed round led by Dragonfly Capital to scale up the Dune Analytics team and product. We also have top industry names like Multicoin Capital, Hashed, Coinbase Ventures, Digital Currency Group and more onboard (see the full list below).

Dune Analytics allows anyone to create, share and explore Ethereum analytics for free.

Over 18 000 analyses created

Over the last few months we’ve seen explosive growth and there are now thousands of community members creating and exploring awesome queries and dashboards with Dune. 18 000 analyses have been created and that number is growing rapidly. We are truly grateful and excited to see all the wonderful things the community builds with Dune every day, and this is just the beginning!

Top investors that are all Dune users

We’re in the fortunate position where all our investors are also active users. These are some of the smartest minds in the space and we are incredibly excited to have world class investors, Dune users and community members onboard:


  • Dragonfly Capital
  • Multicoin Capital
  • Hashed
  • Semantic Ventures


  • Coinbase Ventures
  • Digital Currency Group
  • Alameda Research
  • Coingecko


  • Stani Kulechov (Aave)
  • Matteo Leibowitz (Uniswap)
  • Calvin Liu (Compound)
  • Stefan George (Gnosis)
  • Anthony Sassano (Set/Ethhub)
  • Luis Cuende (Aragon)
  • Jake Brukhman (Coinfund)
  • Jason Choi (Spartan Capital)
  • Ryan Sean Adams (Mythos Capital)
  • Regan Bozman (Coinlist)

Shoutout to yearn that participated in the round but insisted to do it as a no strings grant!

Expect even more and better free data tooling

With the funding we will be able to scale and greatly improve the Dune product, for both query creators and non-technical community members exploring dashboards. We’ve seen the magic that is created when you couple easy to use, powerful and free data tooling with this community and that magic is exactly what we will continue to facilitate in a bigger and better way. Expect a lot of exciting new features and product experiences from Dune going forward!

With small team comes great opportunity for impact

Today we are grateful and excited to serve top teams, researchers, funds and community members across the globe as both customers and users, but there is so much more to do! While we’ve been working hard there are limits to what a two person team can build and operate. With the seed funding we can now scale up the team to realise the full potential of Dune Analytics.

We are now making our very first hires remotely across Europe to help us elevate the Dune Analytics experience. This is a once in a lifetime opportunity to build something incredibly useful with a small team in this decade’s most exciting industry!

See our careers page for more details on open roles!

Join the community by following us on Twitter and Discord.

If you haven’t already, make sure to check out the thousands of community created queries and dashboards on Dune Analytics by clicking "App" in the top right corner here.

With love from

Dune Co-Founders

Fredrik and Mats

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