Allium Inc., has successfully closed a $16.5 million Series A funding round, raising its total funding to $21.5 million.
The round was led by Theory Ventures, with participation from existing investors Kleiner Perkins and Amplify Partners. The new capital will support the expansion of Allium’s infrastructure and enhance its services for financial institutions navigating the digital asset space.
Allium specializes in providing enterprise-grade data solutions that simplify the analysis and interaction of blockchain data, making it as accessible as traditional databases. The company excels in managing the complexities of smart contracts, tokens, nonfungible tokens, and stablecoins. Its platform offers two key APIs: Allium Explorer for data querying and visualization, and Allium Developer for real-time data ingestion. These tools support major FinTech clients, including Visa Inc. and Stripe Inc., as well as blockchain entities like Uniswap Labs and Phantom.
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Allium has recently partnered with Visa to supply data for the Visa Onchain Analytics Dashboard, which provides insights into stablecoin usage beyond crypto trading. With the new funding, Allium aims to enhance its data infrastructure and develop platforms to assist financial firms in entering the digital currency market. Co-founder and CEO Ethan Chan emphasized the company’s mission to drive trust and transparency in blockchain technology.
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