Bubblemaps raises $3.2M as Web3 Labs Secures $25M in VC Funding

Bubblemaps, a company that specializes in creating interactive and dynamic data visualizations for blockchain projects, has announced that it has raised $3.2 million in a seed funding round led by Placeholder Ventures. The funding will be used to expand the team, develop new features and integrations, and grow the user base of Bubblemaps.

Bubblemaps was founded in 2021 by a team of blockchain enthusiasts and data scientists who wanted to make it easier and more accessible for anyone to explore and analyze blockchain data. Bubblemaps allows users to create custom data visualizations using a drag-and-drop interface, without any coding required. Users can choose from a variety of templates, data sources, filters, and metrics, and then customize the appearance, layout, and interactivity of their charts. Bubblemaps also supports embedding and sharing of the visualizations on websites, social media, and other platforms.

A new Web3 startup, led by former Andreessen Horowitz (a16z) crypto executives, has raised $25 million in a seed round, according to a report by The Block. The startup, called Web3 Labs, aims to build a platform that enables developers to create decentralized applications (dApps) that leverage the power of Web3 technologies, such as blockchain, smart contracts, and decentralized storage.

According to the report, the seed round was led by a16z crypto, with participation from other investors, such as Polychain Capital, Electric Capital, and Coinbase Ventures. The round also included angel investors, such as Naval Ravikant, Balaji Srinivasan, and Vitalik Buterin.

Web3 Labs was co-founded by Ali Yahya and Jesse Walden, who both left a16z crypto earlier this year to pursue their own venture. Yahya was a general partner at the firm, while Walden was the founder of Variant Fund, a crypto-focused seed fund that was incubated by a16z.

In a blog post announcing the launch of Web3 Labs, Yahya and Walden wrote that they believe Web3 is “the next phase of the internet”, where users can own and control their own data, identity, and assets. They also wrote that they want to make Web3 more accessible and user-friendly for developers and users alike, by providing tools and frameworks that abstract away the complexity and friction of building and using dApps.

“We believe that Web3 will enable a new wave of innovation and creativity on the internet, where anyone can build and participate in open, fair, and transparent networks,” they wrote. “We are excited to partner with some of the best investors and builders in the space to make this vision a reality.”

Bubblemaps aims to become the go-to tool for blockchain data visualization, as the demand for data-driven insights and storytelling in the blockchain space grows. According to the company, Bubblemaps has already attracted over 10,000 users, including developers, researchers, investors, journalists, educators, and enthusiasts, who have created over 50,000 visualizations for various blockchain projects such as Bitcoin, Ethereum, Solana, Polygon, Avalanche, and more.

“We are thrilled to have the support of Placeholder Ventures and other investors who share our vision of democratizing blockchain data visualization,” said Alice Lee, co-founder and CEO of Bubblemaps. “We believe that Bubblemaps can empower anyone to explore and understand blockchain data in a simple and intuitive way, and ultimately help drive adoption and innovation in the blockchain ecosystem.”

Chris Burniske, partner at Placeholder Ventures and lead investor in Bubblemaps, said: “Bubblemaps is a unique and powerful tool that enables anyone to create beautiful and interactive data visualizations for blockchain projects. We are impressed by the team’s passion and expertise in both blockchain and data science, and we are excited to partner with them as they build the future of blockchain data visualization.”