Covalent is design to address a problem that is frequently overlooked: read-scalability.
Covalent is set out to solve a problem that’s often overlooked: the read-scalability problem. The blockchains are designed for transaction and settlement throughput while reading from blockchain nodes is difficult. Covalent’s thesis is that by solving read-scalability, we would enable use-cases that were as of then unknown. Covalent further took the solution up a notch by introducing a normalized data model and exposing it behind a Unified API.
Covalent Unified API now supports 32 blockchains (still growing), 1000+ applications and over 27,000 developers.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Apr 30, 2021 | Funding Round | — | 1 | — | — | Detail |
Mar 24, 2021 | Series Unknown | $2M | 13 | Hashed | — | Detail |
Oct 11, 2020 | Seed | — | 1 | — | — | Detail |
Oct 7, 2020 | Series Unknown | $3.10M | 6 |
1kx
Woodstock Fund |
— | Detail |
Jun 3, 2020 | Non-Equity Assistant | — | 2 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Hashed | Yes | Series Unknown |
1kx | Yes | Series Unknown |
Woodstock Fund | Yes | Series Unknown |
Victory Square | Yes | Pre-seed |
High Naut Capital | — | Funding Round |
Coinbase Ventures | — | Series Unknown |
Figment | — | Series Unknown |
Ankr | — | Series Unknown |
Avalanche | — | Series Unknown |
Binance Labs | — | Series Unknown |