According to ChainCatcher, blockchain infrastructure company Covalent has completed a US$5 million financing round led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital and Double Peak Group.
Covalent, which develops infrastructure that lets users access historical blockchain data in the “Ethereum Wayback Machine,” similar to the web2 version of how online web pages are stored, said it will use the funding to expand into Asia and support adoption of long-term data availability in countries such as China and Singapore.
It is reported that Covalent has raised a total of more than 20 million US dollars through token sales.