October 7, 2020 Covalent raises $3.1M in new funding round.

Covalent, a blockchain analytics firm based in Vancouver, B.C., has raised $3.1M in new funding in a round led by Woodstock Fund, 1kx Capital, and Mechanism Capital, with participation from Alameda Research. Covalent currently focuses on analyzing the Ethereum network but will use the new funding to expand its operations to include other blockchains.