{"id":49119,"date":"2021-09-08T19:54:42","date_gmt":"2021-09-08T16:54:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49119"},"modified":"2025-09-02T11:02:30","modified_gmt":"2025-09-02T08:02:30","slug":"subquery-indexing-protocol-raises-9-million-from-dcg-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/subquery-indexing-protocol-raises-9-million-from-dcg-and-other-investors\/","title":{"rendered":"SubQuery indexing protocol raises $9 million from DCG and other investors"},"content":{"rendered":"<p>The SubQuery Network, a data-indexing protocol for the Polkadot and Kusama ecosystems, has closed its Series A round at $9 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80 SubQuery is excited to announce the close of our US$9 million Series A funding round co-led by <a href=\"https:\/\/twitter.com\/arringtonXRPcap?ref_src=twsrc%5Etfw\">@arringtonXRPcap<\/a>, <a href=\"https:\/\/twitter.com\/DCGco?ref_src=twsrc%5Etfw\">@DCGco<\/a> and <a href=\"https:\/\/twitter.com\/StratosTec?ref_src=twsrc%5Etfw\">@StratosTec<\/a> &#038; participation by <a href=\"https:\/\/twitter.com\/hypersphere_?ref_src=twsrc%5Etfw\">@hypersphere_<\/a> , <a href=\"https:\/\/twitter.com\/NGC_Ventures?ref_src=twsrc%5Etfw\">@NGC_Ventures<\/a>, <a href=\"https:\/\/twitter.com\/wintermute_t?ref_src=twsrc%5Etfw\">@wintermute_t<\/a> &#038; <a href=\"https:\/\/twitter.com\/SkynetTrading_?ref_src=twsrc%5Etfw\">@SkynetTrading_<\/a> <a href=\"https:\/\/t.co\/QJFY9Ad0vW\">https:\/\/t.co\/QJFY9Ad0vW<\/a> <a href=\"https:\/\/t.co\/MwRJOIZbbI\">pic.twitter.com\/MwRJOIZbbI<\/a><\/p>\n<p>\u2014 SubQuery (@SubQueryNetwork) <a href=\"https:\/\/twitter.com\/SubQueryNetwork\/status\/1435512017306091526?ref_src=twsrc%5Etfw\">September 8, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Investors included Digital Currency Group, Arrington Capital, Stratos Technologies, Hypersphere Ventures, NGC Ventures, Wintermute and Skynet Trading. The funding was provided through a <span data-descr=\"simple agreement for future tokens\" class=\"old_tooltip\">SAFT<\/span>.<\/p>\n<p>SubQuery CEO Sam Zhou told <a href=\"https:\/\/www.theblockcrypto.com\/post\/116915\/subquery-indexing-protocol-polkadot-funding-saft\">The Block<\/a> about plans to decentralize the network and launch a token by early 2022. The protocol also plans to add support for Solana and Terra blockchains.<\/p>\n<p>SubQuery employs 15 people. Most are based in Auckland, New Zealand. The raised funds will be directed, among other things, to expanding the team.<\/p>\n<p>In September, the Evrynet <a href=\"https:\/\/u1f987.com\/en\/news\/institutional-focused-defi-project-raises-7-million\">raised $7 million<\/a> to build a DeFi application aimed at institutional investors.<\/p>\n<p>At the end of August, venture firm Andreessen Horowitz <a href=\"https:\/\/u1f987.com\/en\/news\/andreessen-horowitz-leads-20-million-investment-round-for-defi-project-syndicate\">led<\/a> the $20 million investment round for the DeFi project Syndicate.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SubQuery indexing protocol raises $9 million from DCG and other investors<\/p>\n","protected":false},"author":1,"featured_media":49120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1378,1133],"class_list":["post-49119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-token-sales","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49119"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49119\/revisions"}],"predecessor-version":[{"id":49121,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49119\/revisions\/49121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49120"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}