According to Odaily, blockchain data infrastructure company Covalent has announced a strategic financing round of $5 million, led by RockTree Capital. Other investors participating in the round include CMCC Global, Moonrock Capital, and Double Peak Group. Covalent has stated that the funds will be used to expand its business operations in Asia, and to promote the adoption of long-term data availability in countries such as China and Singapore.
Covalent Secures $5 Million Strategic Financing Led By RockTree Capital
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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