Analyst firm Flipside Crypto has raised $50M in funding round led by Republic Capital.
True Ventures, Galaxy, Terra, Dapper Labs, M13 and other VCs have also participated in the funding round.
The company will use the funds raised to support new networks and second-tier solutions, develop analytical tools, and launch bounty programs.
In 2018, the Boston-based startup raised $4.5 million in seed investments. The following year, Galaxy Digital, Castle Island Ventures and other firms invested $7.1 million in Flipside Crypto.
The company currently employs 66 people. Flipside Crypto management plans to expand the staff to 85 employees by the end of the year.
