Feb 2, 2022 - Economy

Norway's Dune Analytics achieves unicorn status as crypto assets soar

Lucinda Shen

Illustration of a hand holding out a glowing cube. — Illustration: Aïda Amer/Axios

Dune Analytics, a Norwegian crypto analytics company, hit a $1 billion valuation after raising $69.4 million in Series B funding led by Coatue. Multicoin Capital and Dragonfly Capital also participated.

Why it matters: The round vaults Dune to unicorn status, as investor appetite for crypto assets continues to soar.

Details: What if companies didn't report earnings quarterly—but in real time?That's the future Dune Analytics founder Fredrik Haga is imagining — a strange new world of radical transparency for companies.

Haga's plan for the concept is to concentrate first on companies focused on the blockchain.

Lucinda dives deeper into the fund raise and the future of this space in today's Fintech Deals newsletter. Sign up here to receive it.

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Norway's Dune Analytics achieves unicorn status as crypto assets soar

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