TechFlow news: blockchain data analytics company Elementus has raised $10 million in an A-2 funding round led by ParaFi Capital. The funds will be used to accelerate the development of its web3 data intelligence tools.
Elementus enables financial institutions, government organizations, and creditors to easily access on-chain data required for establishing creditworthiness in cases such as insolvency and credit assessment. The company is building a Web3 data intelligence tool that makes it easier for mainstream enterprises to access on-chain data. According to RootData, Elementus previously raised $12 million in an A-1 round backed by Alameda Research, Gemini, and BlockFi, and had raised $5 million across pre-seed and seed rounds.
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