Allium raises $40M Series B as institutions seek onchain data tools
VC & Fundraising ·
Blockchain analytics platform Allium closed a $40M Series B led by Amplify Partners, with Kleiner Perkins and Theory VC also participating.
Allium, described as an enterprise blockchain data platform, provides analytics infrastructure aimed at institutional clients, including Visa and the Federal Reserve, according to The Block. The round was led by Amplify Partners, with additional backing from Kleiner Perkins and Theory VC, according to reporting cited in the cluster.
The funding is intended to expand Allium's blockchain data infrastructure and analytics services for institutional customers, per Fortune. The company is positioned within a broader category of crypto analytics startups building tools for onchain data, a sector that has drawn growing institutional attention according to the cluster's sourcing.
Four distinct sources cover the raise, consistently naming the $40M Series B figure and Amplify Partners as lead investor, with some accounts adding Kleiner Perkins and Theory VC as participants and others emphasizing Allium's institutional client base of Visa and the Federal Reserve. The consistency across reports centers on the deal size and lead investor, while the fuller list of participating investors and named clients varies by source.
Details not yet clear from the available material include Allium's valuation following the round, the specific use of the $40M beyond general expansion of analytics services, and any timeline for new product rollouts. What Allium plans to build with the fresh capital, and whether additional institutional clients beyond those named will be disclosed, remain open questions following the close of the round.