Covalent develops blockchain data infrastructure that lets users and developers access historical blockchain data in an "Ethereum Wayback Machine." The firm focuses on delivering long-term data availability for blockchain applications. It said it will use the new financing to expand operations in Asia and to bolster adoption in markets such as China and Singapore. Covalent has raised funds via token sales, totaling over $20 million, and its native CQT token traded at $0.17 with a market capitalization of $123.1 million at the time of reporting. In March 2021 the company raised $2 million in a strategic round led by Hashed Ventures with support from Coinbase Ventures, Binance Labs and Delphi Ventures. Arthur Hayes joined Covalent as an advisor and received CQT tokens as compensation.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024