Datawisp Raises $3.6M In A Round Led By CoinFund to Build Its No-Code Data Platform

Datawisp has accelerated the development of its no-code Web2 and Web3 platform after securing a $3.6 million seed round led by CoinFund.
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Quick take:

  • Datawisp has announced a $3.6 million funding round led by CoinFund.
  • The Web3 startup is building a no-code data platform for Web2 and Web3.
  • The seed round also attracted participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures. 

Web3 startup has announced the successful completion of a $3.6 million funding round led by CoinFund. The company is building a Web2 and Web3 platform for the gaming and non-fungible token (NFT) space.

The seed round also attracted participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures.

Datawisp is looking to solve a major challenge faced by businesses that rely on data-driven analytics to make decisions. The company is specifically on a mission to make it easier for businesses to deploy their algorithms without sourcing for developers to encode the underlying protocols.

Datawisp thinks that games and web3 apps are among those that are likely to benefit from its innovative product. 

“This is especially true for games and web3 native apps, where companies are forced to make decisions based on siloed information that’s often not designed for analysis,” the company wrote in a press release on Thursday.

The company will allow anyone to easily build complex queries and dashboards with a visual language that replaces code.

 Datawisp co-founder and CEO Mo Hallaba commented: “Today’s applications generate more data than ever, and that data is increasingly interconnected. It’s both more difficult and more important for companies to make sense of that data and leverage it to make better business decisions. Our vision is to build a product that works for everyone – regardless of their technical ability – and makes working with data as easy as sending an email in Outlook or creating a slide deck in Powerpoint.”

This concept is not entirely new because web builders like Wix offer the same solution to developers and creators allowing them to easily build exciting web2 platforms. On the other hand, platforms like Dune Analytics have already leveraged the same concept allowing users to create dashboards displaying data from Web3 applications.

Datawisp claims to differentiate itself from existing Web3 dashboard builders and analytics platforms by focusing on business clients and the unique metrics that are crucial to their operation.

The platform is already integrated with Solana, allowing it to provide access to on-chain data. Dataswip is planning to follow in the footsteps of Solana’s largest NFT marketplace Magic Eden and expand to other blockchains later this year.

Commenting on his company’s investment in Datawisp, Evan Feng, Partner at CoinFund said: “Datawisp is revolutionizing data analytics and laying the groundwork for business intelligence tools across both gaming and traditional business models within web3, with an eye on crossing the chasm to target web2 corporate wallets down the line. We are looking forward to helping them achieve scale across their operations and to ship their ambitious product roadmap across multiple end markets.”

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