DappRadar, a blockchain startup raised $2.33 million in seed funding. The startup is a platform for research and development of for blockchain-based decentralized apps (DApps).
The deal was led by Naspers Ventures, a global media group, with participation from Blockchain.com and Angel Invest Berlin.
Banafsheh Fathieh, Principal and Early Stage Investment Lead at Naspers Ventures, will join the DappRadar board.
“Naspers Ventures’ strategy is to invest in companies and sectors with high, long-term growth potential. Blockchain is beginning to disrupt and revolutionize a number of key industries and DappRadar has succeeded in creating a strong commercial brand and product in the space. We are excited for our partnership and the opportunity that lies ahead for the company,” Banafsheh Fathieh, Investment Lead at Naspers Ventures
The startup delivers a meeting point for DApp developers and discovery end of DApp apps.
“DappRadar is playing a vital role in bringing trust, transparency, and discovery to the fragmented world of DApps. We hope to play a role in accelerating their impact on the ecosystem.” Samuel Harrison, Managing Partner at Blockchain.com Ventures
The investment can open up possibilities and improving on the foreseeable quality and development of the app while filtering out irrelevant activities to provide smooth functioning.