Data platform Satsuma completes $5 million seed round of financing, led by Initialization Capital and Archetype, with participation from YC, OpenSea and others

Blockchain data indexing platform Satsuma announced the completion of a $5 million seed round of financing, led by Initialization Capital and Archetype, with participation from OpenSea, Y Combinator, Homebrew, South Park Commons and others.

Satsuma was founded in March last year. The project uses The Graph's open source technology to query and index on-chain data. Satsuma is not a decentralized protocol, but a business entity in a SAAS (Software as a Service) model. Satsuma can help developers gain a deeper understanding of on-chain data, making it easier to search and analyze on-chain data, such as the TVL of DeFi protocols. (theblock) #dyor #antiscam