Allium raised $40 million as institutional demand for blockchain data grows. Clients include Visa, Stripe, Coinbase, while Federal Reserve cited data. Industry consolidation continues despite
Blockchain data startup Allium has secured $40 million in Series B funding, highlighting growing investor confidence in companies that power the digital asset economy with reliable onchain data. Amplify Partners led the round, while Kleiner Perkins and Theory Venture also participated. According to a Fortune report, Allium did not disclose its valuation. However, the latest raise brings the company’s total disclosed funding to approximately $61.5 million.
The New York-based firm provides data infrastructure across more than 150 blockchains. Its platform collects, cleans, and standardizes blockchain information, allowing developers, financial institutions, and analytics providers to access data more efficiently. Demand for these services has increased as traditional finance firms continue exploring blockchain technology. Moreover, companies entering the sector require accurate and accessible datasets to support research, compliance, and product development.
Allium has attracted several prominent customers, including Visa, Stripe, Coinbase, and a16z crypto. Additionally, the U.S. Federal Reserve has referenced the company’s data, reflecting broader institutional interest in blockchain analytics.
Also Read: Hut 8 Reaches $2.35M Settlement in Investor Case Over USBTC Merger
As blockchain adoption expands, organizations face challenges when working with fragmented data spread across multiple networks. Consequently, demand has risen for providers that can simplify access to blockchain information.
Allium has positioned itself to meet that need through a unified data platform. Instead of building their own data pipelines, clients can access standardized datasets across numerous blockchain ecosystems.
The company believes this approach helps institutions and developers analyze onchain activity more effectively. Moreover, it reduces the complexity associated with managing data from different networks.
The latest investment follows Allium’s Series A round completed in July 2024. That financing raised $16.5 million and was led by Theory Ventures. At the time, the company reported total funding of $21.5 million.
With the new Series B round, Allium has significantly expanded its capital base as competition for institutional blockchain services continues to increase. The additional funding is expected to support product development and broader expansion efforts as demand for blockchain data solutions grows.
While Allium secured new capital, other companies in the blockchain analytics sector have faced a more challenging environment. Dune Analytics, which reached a $1 billion valuation during a 2022 fundraising round, later reduced its workforce by 25%.
Meanwhile, Blockworks acquired Messari for more than $10 million. The reported purchase price represented a substantial discount compared with Messari’s roughly $300 million valuation in 2022. Against that backdrop, Allium’s successful funding round suggests investors remain willing to back infrastructure providers with strong institutional adoption and growing demand for their services.
Allium’s $40 million Series B raise underscores continued interest in blockchain data infrastructure. As institutions increase their involvement in digital assets, demand for trusted onchain analytics providers could continue supporting growth across the sector.
Also Read: Hut 8 Reaches $2.35M Settlement in Investor Case Over USBTC Merger
The post Allium Raises $40M as Institutional Demand Boosts Blockchain Data Sector appeared first on 36Crypto.
