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Thursday, July 18, 2024

Web 3.0 data analytics firm M3TA receives investment in Seed Round from Kakao Ventures

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M3TA, a blockchain data analytics platform, is pleased to announce that it has secured funding from Kakao Ventures, a venture capital firm based in Seongnam-si, South Korea and is renowned for its reputation as one of the most founder-friendly venture capital firms in the country. This investment into the Seed Round, led by VinaCapital Ventures, Vietnam’s leading VC fund, will enable M3TA to allocate resources to product development and solutions offered to customers, accelerate customer growth in the blockchain industry, and expand its offerings to continue delivering cutting-edge data analytics solutions to its clients.

M3TA aims to enhance and innovate current blockchain data analytics solutions by overcoming the challenges faced by existing players, such as (1) the lack of chain diversity in data aggregation, (2) the high requirements for data-analytics knowledge, (3) the absence of peer validation processes and (4) the dissociation between on-chain and off-chain data. To achieve this, M3TA offers a one-stop suite of no-code analytics tools, multi-chain integration, and a decentralized approach to make blockchain data analytics accessible to more users, enhance their trust in blockchain systems, and provide them with a comprehensive view for better decision-making.

The recent investments from Kakao Ventures acknowledge the potential of M3TA to disrupt the industry. Kakao Ventures has a proven track record of investing in cutting-edge companies that successfully disrupted major industries in Web2 and Web3. Prior to securing funding, M3TA had successfully delivered a collection of analysis on multiple blockchain and projects, proving how they can disrupt the landscape of data analytics in the blockchain industry.

“Kakao Ventures’s strategic partnership is a huge milestone for our company and we are proud to have their support. We are excited to leverage their guidance and resources to expand our reach to users who need meaningful and easy-to-access data,” said Daniel Nguyen, CEO of M3TA.

With the support of Kakao Ventures, M3TA is well-positioned to become a potential leading player in blockchain data analytics and provide more value to its clients. Alongside this ventures, M3TA also closed fundings from notable parties based in SouthEast Asia such as VinaCapital Ventures, HUB Global, and Appota. The company plans to use the funding to scale the platform, develop new products to meet the growing demand for blockchain data analytics, and hire additional talents to strengthen its team and enhance its capabilities. The funding from Kakao Ventures is expected to drive innovation in the blockchain industry and create new opportunities for businesses to leverage blockchain data to improve their operations and strategies.

For further information about M3TA, access: https://m3talab.io/en

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