Flipside Crypto Attracts $50M at $350M Valuation

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Analyst company Flipside Crypto has raised $50 million in a funding round led by Republic Capital.

Other participants in the fundraising include True Ventures, Galaxy, Terra, Dapper Labs, M13 and other venture capitalists.

The company has reported that it will use the funds to support new networks and second-level solutions, develop analytical tools and launch bounty programs.

The startup, which is based in Boston, raised $4.5 million in seed funding in 2018. In 2019, Galaxy Digital, Castle Island Ventures and other firms invested $7.1 million in Flipside Crypto.

The company has 66 employees at the moment. Flipside Crypto management plans to expand the staff to 85 employees by the end of the year.