Blockchain data provider Allium completes $16.5 million Series A financing, led by Theory Ventures

BlockBeats news, July 18, according to TheBlock, blockchain data provider Allium completed $16.5 million in Series A financing, led by Theory Ventures. Allium said it plans to use the newly raised funds to invest in data infrastructure, including providing a launch platform for financial institutions seeking to embrace digital assets. The company has already worked with Stripe and Visa, which assisted Allium in launching the Visa on-chain analytics dashboard. Its cryptocurrency native clients include the Uniswap Foundation and Phantom, a major Solana wallet provider.

It is reported that Allium previously raised $5 million in seed round funding from Kleiner Perkins and Amplify Partners, and worked with Visa, Wormhole and Jito Labs.