Funding round
Blockscout Seed
Blockscout, which works in blockchain explorer platform services in Seychelles, raised $3.0M in a Seed round announced on 8 Aug 2024, led by 1kx. 10 firms took part, with 6 individual investors.
$3.0M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Blockscout did not disclose a valuation in this round. It is Blockscout's first venture round on record, 6 years after it was founded in 2018. No later venture round is on record for Blockscout.
Blockscout's funding rounds
This is the only venture round on record for Blockscout.
- Seed this round 8 Aug 2024, led by 1kx $3.0M
Investors
Who put money in
1kx led the round with 9 other firms.
Lead investor
- backs 46 venture-backed companies new investor
Also in the round
- backs 16 venture-backed companies new investor
- Gnosis new investor
- A Capital Organization new investor
- backs 22 venture-backed companies new investor
- Galaxy backs 113 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
- ParaFi Capital new investor
- Robot Ventures new investor
Individual investors: Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, Stefan George and vitalik buterin.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,515 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.7M, and this round was 82% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Aug 2024 | $26M | not disclosed | IAG Capital Partners |
| Tech Companies | 22 Aug 2024 | $20M | not disclosed | not named |
| Tech Companies | 6 Aug 2024 | $14M | not disclosed | Memorial Hermann Health System |
| Tech Companies | 6 Aug 2024 | $13M | not disclosed | Mayfield |
| Tech Companies | 27 Aug 2024 | $11M | $71M | Blockchain Capital and Merit Circle |
| Tech Companies | 1 Aug 2024 | $10M | not disclosed | not named |
| Tech Companies | 1 Aug 2024 | $10M | not disclosed | Index Ventures and Abstract |
| Tech Companies | 2 Aug 2024 | $8.9M | not disclosed | Accel |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Blockscout raise in its Seed round?
Blockscout raised $3.0M in its Seed round, announced in Aug 2024.
Who led Blockscout's Seed round?
1kx led it, with Primitive Ventures, Gnosis, A Capital Organization, Ethereal Ventures and Galaxy and 4 more.
What was Blockscout's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,515 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.7M, and this round was 82% of the median.