July 14, 2023, Los Angeles — A successful USD 5 million Series A financing round was announced by LunarCrush, the ground-breaking crypto and media analytics platform, increasing the company’s valuation to an astonishing USD 30 million.
Draper Round Table and INCE Capital jointly led the round, with a group of investors also making sizable commitments. Blockchain Founders Fund, Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Side Door Ventures, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, and Techstars are notable contributors among them. The financing also included participation from well-known angel investors David Bleznak and Francisco Oliva-Velez Cancel. LunarCrush is an honored graduate of Techstars LA 2019.
The increased funding for LunarCrush will accelerate its effort to revolutionize how people use social media. Their innovative technology, built on priceless expertise from the finance and crypto industries, enables users to curate their social media feeds. Thanks to this ground-breaking solution, users now have the tools to navigate the giant social media content sea and spot patterns that resonate with their particular interests in real-time.
“Our work in the crypto and financial sectors, where noise levels are notoriously high, underscored the need for custom algorithms that allow users to delve deeper into their preferred content and discover trending topics in real-time,” said LunarCrush CEO Joe Vezzani.
LunarCrush is driving a seismic shift towards a topic-centric social media ecosystem rather than just encouraging users to follow one another. Users may create a more enriched, personalized experience with this innovative method by monitoring their interests as they develop in real-time across numerous social media sites.
An early backer of LunarCrush and managing partner of Blockchain Founders Fund, Aly Madhavji, stated his enthusiasm for the development of the business: “We believe in the LunarCrush team, vision, expertise, and foresight. The business has had phenomenal growth, indicating its ability to produce a premium product and meet the demand for social sentiment research and data analytics in cryptocurrency and banking. We are eager to see how LunarCrush can help users become more empowered in the future.
LunarCrush aims to promote conscious media and establish transparency for global social media dialogue. Our platform, which was first successfully used in the financial and cryptocurrency sectors, now offers a revolutionary solution for the information-overloaded social media environment by providing a personalized method of media consumption independent of conventional algorithms.
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