French Startup Bubblemaps Raises €3 Million in Seed Funding for Revolutionizing Crypto Research with Engaging Visuals
Crypto News – Blockchain technology can be overwhelmingly complex for many, inundated with intricate jargon and technicalities, deterring the curious minds from exploring this promising industry. In an effort to break down these barriers, French startup Bubblemaps is revolutionizing crypto research through engaging visuals, making blockchain data transparent, accessible, and even playful.
Secures €3M in Seed Funding
In a recent milestone, Bubblemaps successfully raised €3 million in seed funding, an oversubscribed investment round featuring prominent venture capital firms such as INCE Capital, Stake Capital, Momentum 6, Lbank Labs, and V3ntures. Notable angel investors, including Nicolas Bacca (former CTO of Ledger), Dyma Budorin (CEO of Hacken), and Owen Simonin (aka Hasheur), also joined in support.
The infused capital is strategically earmarked to further Bubblemaps’ mission of assisting individuals and institutions in transitioning to Web3. This initial funding round sets the stage for Bubblemaps to expand and capitalize on its exponential growth, notably attracting over 100,000 monthly users in 2022. Since then, the platform has become a trusted source of on-chain intelligence, boasting a significant following of over 70,000 on Twitter/X.
Becoming the Google Analytics of Web3
Founded in 2022 by Nicolas Vaiman and Léo Pons, both engineers from CentraleSupélec and seasoned crypto entrepreneurs, alongside Arnaud Droz, a skilled international entrepreneur from ECE Paris, and Cameron McIntosh, a three-year crypto advocate and experienced marketing expert, Bubblemaps employs innovative visuals to demystify blockchain data. By representing wallets as vibrant bubbles, users can easily uncover hidden relationships, identify wash trading activities, and expose corrupted Decentralized Autonomous Organizations (DAOs). Bubblemaps aspires to establish itself as the Google Analytics of Web3, providing brands with straightforward and accurate data analysis.
Collaborations with Leading Blockchains
Bubblemaps has forged partnerships with multiple blockchains that share their vision of simplifying on-chain data, including Arbitrum, Polygon, Avalanche, and BNB Chain, some of whom also participated in the recent funding round. The company’s visuals are seamlessly integrated into popular DeFi platforms like OpenSea, DEX Screener, and DEXTools, with plans to expand to more platforms in the near future.
Recognition and Future Endeavors
Acknowledged for their dedication to improving blockchain data innovation, Bubblemaps earned an invitation to join Google’s Web3 Startup Program in the summer. Additionally, prestigious entities like L’Oréal & HEC selected Bubblemaps to be part of their highly selective incubation program at Station F in April 2023. This recognition affirms Bubblemaps’ trajectory towards enhancing blockchain accessibility and fostering understanding within the wider community.
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