Samreen Ahmad · · 1 min readSequoia joins $4m seed round of Solana block explorer
Solscan, a Solana block explorer and data analytics firm, has secured US$4 million in a seed round co-led by Multicoin Capital and Electric Capital.
Bitcoin mining equipment on stand racks for mining cryptocurrency / Photo credit: 123RF
The platform will use the funds to accelerate integrations for Solana’s flagship block explorer, launch its Solscan Analytics platform, and expand hiring.
Launched in June, Solscan’s block explorer – an online tool for searching and inspecting blockchain transactions – claims to serve over 2.3 million monthly users and more than 180 million monthly data requests.
Solscan plans to release several new products in early 2022, including network monitoring and analytics tools, enhanced developer tooling, and dedicated information pages for projects.
Solscan Analytics will integrate data to deliver emerging market trends, profitable trading behavior characteristics, price anomalies, and fraud detection. Its pricing will be based on a subscription model.
Other investors in the round include:
- Jump Capital
- Sequoia India
- Alameda Research
- Solana Ventures
- Signum Capital
- CoinGecko
Editing by Collin Furtado and Eileen C. Ang
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