LunarCrush – a rapidly growing crypto and media analytics platform – recently announced a successful $5 million Series A fundraising round, driving up the company’s valuation to $30 million. And LunarCrush is now expanding its horizons beyond capital markets to enable you to search, track, and actively engage with real-time events and discussions about trending topics you care about across all social media.
The round was jointly led by Draper Round Table / INCE Capital, with significant contributions from a consortium of investors. These contributors include Blockchain Founders Fund, Draper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Side Door Ventures, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, and Techstars. Renowned angel investors David Bleznak and Francisco Oliva-Velez Cancel also joined the round. LunarCrush is a proud Techstars LA 2019 alumni.
Tim Draper’s Round Table was recently formed as an initiative to syndicate Web3 deals globally. The Draper Round Table has mobilized four funds (including two newcomers) across the Draper Venture Network (including Draper Associates and Draper Goren Holm) to invest in LunarCrush’s Series A via an SPV collectively. And all of the funds were in close association and/or members with the global Draper Venture Network. This deal was platformed and exhibited on DraperX – Tim Draper’s platform for family offices and LPs to co-invest alongside Draper Associates and their global network.
The new investors can join the Draper Ecosystem and become eligible to invest alongside Draper Network venture capitalists on the Draper ecosystem’s proprietary deal-sharing platform, DraperX, and as potential limited partners to other funds in the Network. And the DraperX platform is designed to facilitate family offices’ integration into the venture capital ecosystem and investment in their chosen deals.
KEY QUOTES:
“It’s a thrill to be backing Joe, Jon, and Dan on their mission towards enabling social algorithms to activate market trends. They’ve tackled a global issue by linking real-time social engagement with correlating market changes in crypto, stocks, and NFTs. People all over the world can now take advantage of their suite of products to make themselves better retail investors.”
— Sid Mofya, Executive Director of the Draper Venture Network
“This is what the Round Table was made for. Draper Goren Holm shared LunarCrush with us, intending to double down from their previous round, and we just knew that this had to be our genesis deal. The moment we shared it on DraperX, the network was eager to help out. The credit goes to Joe, Jon, Dan and the LunarCrush team for building an amazing company and protocol. We couldn’t be happier to be backing them.”
— Sid Sridhar, General Partner of the Draper Round Table
“We are delighted to participate with Draper Goren Holm, and the rest of the Draper Venture Network in the LunarCrush Series A. LunarCrush provides the social intelligence that retail investors in crypto need to make their decisions. These guys predicted every turn in the crypto market since they have been in business, they also had an early window on the demise of Silicon Valley bank.”
— Tim Draper
“As a Fund Manager within the Draper Venture Network, the network has been invaluable when it comes to deal sharing and co-investment opportunities. Streamlining co-investments through the Round Table enabled us to quickly and privately lead, share and close this round of funding in LunarCrush, one of our earliest and fastest growing portfolio companies.”
— Alon Goren, Founding Partner of Draper Goren Holm
“The Draper ecosystem has been pivotal towards our success. The venture landscape has always been extremely competitive and challenging for start-ups. The Draper Round Table and the Draper Network make navigating venture backing approachable, and make succeeding feel achievable, for anyone looking to build a high growth business.”
“Our work in the crypto and financial sectors, where noise levels are notoriously high, underscored the need for custom algorithms that allow users to delve deeper into their preferred content and discover trending topics in real time.”
— Joe Vezzani, CEO of LunarCrush
“We believe in the LunarCrush team, vision, expertise and foresight. The company has seen tremendous growth a clear indicator of their strong capability to deliver a premier product and fill the need for social sentiment analysis and data analytics in the crypto and finance space. We’re excited about the future and how LunarCrush will play a role to further user empowerment.”
— Aly Madhavji, Managing Partner at Blockchain Founders Fund, an early investor in LunarCrush
