We assisted DappRadar, a leading global platform for discovering and analysing blockchain-based decentralised applications (“dapps”), in raising USD 2.33 million in one of the largest seed rounds among the Baltic startups. The investment is led by Naspers, a global internet group and one of the largest technology investors worldwide, through its Naspers Ventures division, with participation from Blockchain.com Ventures and Angel Invest Berlin.
Investment will help further business expansion
DappRadar will use the investment primarily for R&D, developing new functionality to help the business expand its service and reach the next stage in its growth.
“In the short time since we founded DappRadar, we’ve seen the technology mature quickly and its commercial prospects are clearer,” says Skirmantas Januskas, DappRadar CEO and co-founder. “With Naspers Ventures’ international consumer expertise and Blockchain.com’s industry knowledge, we are in an excellent position to harness this momentum to expand our business further.”
Team advising the client
We advised the client on all the matters related to this complex transaction. Our team consisted of partner Mantas Petkevičius and senior associates Vytautas Sabalys with Jonas Kiauleikis.