Dune Analytics raised $8M in a round led by Union Square Ventures.

Dune Analytics, an Oslo, Norway-based software developer of Ethereum analytics, raised series A funding round closed at $8 million.

The money was raised from investors led by Union Square Ventures, joined by Redpoint Ventures and existing shareholders Dragonfly Capital and Multicoin Capital.

Dune Analytics was founded in the autumn of 2018 by Fredrik Haga and Mats Julian Olsen, develops blockchain analytics software aiming to replace legacy finance’s PDF based quarterly reports with real-time dashboards. The company previously raised $2 million in a convertible loan led by Dragonfly Capital and including contributions from Digital Currency Group and Coinbase Ventures in 2020.