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Blockchain infra startup Tenderly raises $40M after seeing ‘500x’ YoY revenue growth – TechCrunch

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Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding – just months after closing on its Series A.

The financing is yet another example of the rapid succession of funding rounds in the blockchain infrastructure space – and fintech space in general. Earlier this month, TechCrunch also reported on Alchemy raising a $200 million extension to its Series C at a valuation of $10.2 billion. That company aims to be the starting place for developers considering building a product on top of a blockchain or mainstream blockchain applications. 

While both are similar developer tools for building decentralized applications, the main difference between the two companies is that Alchemy provides node as a service while Tenderly is a platform designed to develop, test and monitor the health of decentralized applications with its dashboard and API, the company maintains. It is says that it is more focused on smart contracts.

“Tens of thousands” of developers from…

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