LunarCrush, an industry front-runner in social media analytics for cryptocurrency and financial sectors, announced a significant leap forward in its journey. It raised $5m in a Series A funding round, marking a new phase in the firm’s growth strategy.
The round was co-led by Draper Round Table / INCE Capital and saw participation from a notable group of investors. This includes Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Blockchain Founders Fund, Side Door Ventures, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, and Techstars. Legendary angel investors David Bleznak and Francisco Oliva-Velez Cancel also contributed to the fund.
As a pioneer in crypto and finance-focused social media analytics, LunarCrush has taken a significant step by extending its offering beyond capital markets. The firm now enables users to search, track, and actively engage with real-time events and discussions about trending topics they care about across all social media platforms. This innovative tool allows users to escape traditional algorithms and create their own, offering a more personalised social media experience.
This funding round is set to drive LunarCrush’s plan to revolutionise how users interact with social media. The company will utilise the investment to broaden its scope, allowing people to dive deeper into the content they want and unearth hidden trends within the vibrant landscape of social media in real time.
CEO of LunarCrush, Joe Vezzani said, “We cut our teeth in crypto and financial industries which have the highest frequency of spam and noise. During that time, we realised it was imperative for people to create their own algorithms to dive deeper into the content they wanted and be able to unearth hidden trends within the vibrant landscape of social media in real time.”
Vezzani added, “The days of pressing ‘follow’ on people are over and the era of following ‘topics’ has begun.”
The firm has a history of successful fundraising, being a proud alumni of Techstars LA 2019. Now, with a post-funding valuation of $30m, LunarCrush has set the stage for further expansion.
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