Tenderly, a San Francisco, CA-based blockchain development platform that simplifies building innovative blockchain products for web3 developers of all skill sets, raised $40 million in Series B funding, bringing the total raised to $58.6 million.
The round was led by Spark Capital, with participation from existing investors Accel and Point Nine Capital. Other investors include Abstract Ventures, Coinbase Ventures, Uniswap Labs, Daedalus, Guillermo Rauch (CEO of Vercel), Jinglan Wang (Co-Founder and CEO of Optimism), Eric Ries (Founder of Long-Term Stock Exchange), and Tihomir Bajic (CEO of LTSE Software).
The company will use the new capital to continue building out its product offerings for developers, attract new customers and partners, and accelerate technical and sales hiring efforts in its existing Belgrade, Serbia office and soon-to-be-opened San Francisco office.
Company: Tenderly Technologies Inc.
Raised: $40.0M
Round: Series B
Funding Month: March 2022
Lead Investors: Spark Capital
Additional Investors: Accel, Point Nine Capital, Abstract Ventures, Coinbase Ventures, Uniswap Labs, Daedalus, Guillermo Rauch, Jinglan Wang, Eric Ries, and Tihomir Bajic
Company Website: https://tenderly.co/
Software Category: Contract Monitoring and alerting tool
About the Company: Founded in 2018 by Andrej Bencic (CEO), Bogdan Habic (CTO), Miljan Tekic (COO), and Nebojsa Urosevic (Blockchain Architect), Tenderly is a contract monitoring and alerting tool that helps users to monitor in real-time, send alerts, and troubleshoot issues– a suite of product offerings ideal for developers of all skills, providing an unparalleled vision into the blockchain development process and web3 landscape. The company is currently seeing 500 percent YoY revenue growth and 420 percent YoY growth in registered users including Chainlink, Uniswap Labs, Yearn Finance, Aave, Nexus Mutual, and Instadapp, among others. Tenderly is currently introducing entirely new components to the web3 tech stack, making its platform an essential ecosystem for all blockchain developers. Web3 Actions, which is currently in beta testing, will serve as a bridge for building products in the blockchain space.
Source: https://www.finsmes.com/2022/03/tenderly-raises-40m-in-series-b-funding.html