{"id":76747,"date":"2023-04-05T17:09:27","date_gmt":"2023-04-05T14:09:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76747"},"modified":"2025-09-10T19:12:02","modified_gmt":"2025-09-10T16:12:02","slug":"satsuma-raises-5-million-seed-round-for-on-chain-data-indexing-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/satsuma-raises-5-million-seed-round-for-on-chain-data-indexing-platform\/","title":{"rendered":"Satsuma raises $5 million seed round for on-chain data indexing platform"},"content":{"rendered":"<p>Satsuma, a platform for indexing on-chain data, raised $5 million in a seed round led by Initialized Capital and Archetype.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ We\u2019re very excited to announce our $5M seed round co-led by <a href=\"https:\/\/twitter.com\/Initialized?ref_src=twsrc%5Etfw\">@Initialized<\/a> and <a href=\"https:\/\/twitter.com\/archetypevc?ref_src=twsrc%5Etfw\">@archetypevc<\/a>, with participation from <a href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@opensea<\/a> <a href=\"https:\/\/twitter.com\/ycombinator?ref_src=twsrc%5Etfw\">@ycombinator<\/a> <a href=\"https:\/\/twitter.com\/homebrew?ref_src=twsrc%5Etfw\">@homebrew<\/a> <a href=\"https:\/\/twitter.com\/southpkcommons?ref_src=twsrc%5Etfw\">@southpkcommons<\/a>. <\/p>\n<p>See <a href=\"https:\/\/twitter.com\/Yogita_Khatri5?ref_src=twsrc%5Etfw\">@Yogita_Khatri5<\/a>\u2018s article on <a href=\"https:\/\/twitter.com\/TheBlock__?ref_src=twsrc%5Etfw\">@TheBlock__<\/a>: <a href=\"https:\/\/t.co\/3UUOhZJezA\">https:\/\/t.co\/3UUOhZJezA<\/a><\/p>\n<p>\u2014 Satsuma (@satsumaxyz) <a href=\"https:\/\/twitter.com\/satsumaxyz\/status\/1643314155913625600?ref_src=twsrc%5Etfw\">April 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among other investors: <a href=\"https:\/\/u1f987.com\/en\/news\/why-opensea-is-the-most-popular-nft-marketplace\">OpenSea<\/a>, Y Combinator, Homebrew and South Park Commons.<\/p>\n<p>Co-founder and CEO Jonathan Kau noted that the company was founded in March 2022 and closed the funding round in May. The startup did not rush to announce the funding, focusing on developing the platform.<\/p>\n<p>Satsuma simplifies the search and analysis of blockchain data stored, helping developers gain a deeper understanding of a project, for example, its total value locked (TVL).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTVL is a fairly complex calculation. You can&#8217;t simply call some function in the blockchain directly and get an answer right away. To compute this data, you need to perform some processing,\u201d added Kau.<\/p>\n<\/blockquote>\n<p>The platform uses open-source technology from the DeFi indexing protocol <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-graph-grt\">The Graph<\/a>. However Satsuma remains a private company with a software-as-a-service business model.<\/p>\n<p>The service receives from its clients requests for specific network data, and then processes them and converts them into user-facing <span data-descr=\"Application Programming Interface\" class=\"old_tooltip\">API<\/span>.<\/p>\n<p>Among the startup&#8217;s partners are Decentraland, Aragon and Syndicate.<\/p>\n<p>Kau also noted that Satsuma&#8217;s revenue over the last six months grew by about 80%, despite difficult market conditions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe want to make our tools as simple and fast as possible so that developers <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> can work much more efficiently and create a user experience similar to Web 2.0,\u201d he added.<\/p>\n<\/blockquote>\n<p>In late March, the Berlin <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a>-aggregator Li Finance <a href=\"https:\/\/u1f987.com\/en\/news\/european-defi-project-li-finance-raises-17-5-million\">attracted<\/a> $17.5 million in a funding round led by CoinFund and Superscrypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Satsuma, a platform for indexing on-chain data, raised $5 million in a seed round led by Initialized Capital and Archetype.<\/p>\n","protected":false},"author":1,"featured_media":76748,"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":[1268,1133],"class_list":["post-76747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76747","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=76747"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76747\/revisions"}],"predecessor-version":[{"id":76749,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76747\/revisions\/76749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76748"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}