Datawisp, a no-code data exploration platform focused on web3 and gaming, has raised $3.6 million in funding.
The seed investment round was “led by CoinFund, with participation from Spartan Capital, Mirana Ventures, Dweb3 Capital, and existing investors Play Ventures.”
For most businesses, the ability to make data-informed decisions is severely bottlenecked by developer resources; code is “the most efficient way of working with data and developers are already a scarce commodity.”
This is especially true for games and web3 native apps, “where companies are forced to make decisions based on siloed information that’s often not designed for analysis.” Datawisp solves this problem by “allowing anyone to build complex queries and dashboards with an easy to use, 100% visual language that replaces code.”
Most Web3 focused data platforms “deliver standardized boxed metrics or cater to consumers and the NFT community.”
Datawisp breaks the mold “by focusing exclusively on business clients and the unique metrics that are crucial to their operation.” It also “lets businesses combine their web3 and web2 data to draw unique insights.” The platform is currently “integrated with Solana, enabling direct access to on-chain data, and support for more blockchains is coming later this year.”
Datawisp also “supports a variety of web2 data sources.”
Prior to Datawisp, the four-person founding team “successfully built and shipped a wide range of data products in the esports and gaming industries, with clients such as Twitch, DreamHack, ESL, and more, and worked as data consultants for a AAA game studio.”
The funds will be “used to grow the team, improve Datawisp’s platform offerings, and scale its infrastructure to support larger clients.”
Evan Feng, Partner at CoinFund said:
“What can often be overlooked are the companies striving to build foundational infrastructure and technologies that improve efficiency in our industry. Datawisp is revolutionizing data analytics and laying the groundwork for business intelligence tools across both gaming and traditional business models within web3, with an eye on crossing the chasm to target web2 corporate wallets down the line. We are looking forward to helping them achieve scale across their operations and to ship their ambitious product roadmap across multiple end markets.”
Datawisp co-founder and CEO Mo Hallaba said:
“Today’s applications generate more data than ever, and that data is increasingly interconnected. It’s both more difficult and more important for companies to make sense of that data and leverage it to make better business decisions. Our vision is to build a product that works for everyone – regardless of their technical ability – and makes working with data as easy as sending an email in Outlook or creating a slide deck in Powerpoint.”
Angelo Boskovic, Head of Business Development at Streamflow, the Solana-based Token distribution platform (and Datawisp beta partner) said:
“Datawisp has become an essential part of how Streamflow works with data, develops and monitors its KPIs, and sets its strategy.”
As noted in the upate, Datawisp is “a no-code data exploration and analysis platform that helps businesses make more data-informed decisions.”
Its 100% visual interface “makes it easy for anyone to work with one or multiple web3 or web2 data sources and derive valuable insights.”
As mentioned in the announcement, CoinFund partners “with the creators behind the digital assets, key enabling infrastructure, and decentralization technologies shaping the future of blockchain.”
Founded in 2015 and headquartered in New York City and Miami, CoinFund partners have “supported the development of blockchain technology since the launch of Bitcoin and Ethereum.”
CoinFund evolved “a combined venture, liquid, and cryptonative strategy to grow with an ever changing ecosystem.”
The CoinFund team “specializes in portfolio management, token design, research, decentralized networks, trading, market structure, engineering, law, and regulation.”