Tim Draper’s syndication vehicle, Draper Round Table, co-led a $5 million Series A funding round for LunarCrush, a web3 social media analytics firm. INCE Capital also co-led the round, with additional participation from Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Blockchain Founders Fund, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, Techstars, David Bleznak, and Francisco Oliva-Velez Cancel. The funding has brought LunarCrush’s valuation to $30 million.
Key Points:
– Draper Round Table and INCE Capital co-led a $5 million Series A funding round for LunarCrush.
– The funding also involved participation from various other investors.
– LunarCrush combines social media with cryptocurrency, NFT, and stock price tracking.
– Tim Draper expressed his excitement about participating in the funding round and praised LunarCrush’s ability to predict market trends.
– LunarCrush also had insights into the decline of Silicon Valley Bank.
Hot Take:
The participation of Tim Draper’s syndication vehicle and other prominent investors in LunarCrush’s funding round highlights the growing importance of social media analytics in the cryptocurrency space. LunarCrush’s ability to track social media sentiment and predict market trends has garnered significant attention. With its valuation now at $30 million, LunarCrush is well-positioned to continue its growth and provide valuable insights for retail investors in the crypto market.
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