Media: Dune Analytics poised to become a unicorn with a $1 billion valuation

The Norway-based analytics startup Dune Analytics is poised to close a funding round that would value the company at $1 billion, according to The Block, citing its own sources.

According to them, the New York-based Union Square Ventures will lead the Series A round. Also participating are Coatue Management, Redpoint Ventures, Dragonfly Capital and Multicoin Capital.

The analytics platform works with data from Ethereum, Polygon, Optimism and xDAI. The developers plan to integrate all systems compatible with the Ethereum Virtual Machine.

Most features of Dune Analytics are free — users can query the database and build dashboards. A paid tier from $390 per month offers expanded customization options, private queries and data export.

In August, the company raised $8 million. At that time, the valuation was not disclosed.

The publication counted 64 crypto startups valued at $1 billion or more. 39 of them achieved unicorn status in 2021.

Earlier, the analytics firm Nansen raised $75 million in a Series B round led by Accel.