Subsquid, a Zug, Switzerland-based innovative node query framework and node-as-a-service provider for Substrate-based blockchains, closed $3.8 million in a Seed round led by Hypersphere Ventures.

Other investors include Zeeprime Capital, Illusionist Group, DFG, Jsquare, Lattice Capital, SMAPE Capital, 0x Ventures, Signum Capital, Signal Ventures, D1 Ventures, Faculty Group, Dia Data, Zeitgeist, Chainflip, Astar Network, BwareLabs, and KodaDot.

The mission of Subsquid is to bring scalable data APIs to Web 3.0 by transforming a traditional SaaS model into a DAO with open participation. 

Company: Subsquid Labs GmbH

Raised: $3.8M

Round: Seed Round

Funding Month: November 2021

Lead Investors: Hypersphere Ventures

Additional Investors: Zeeprime Capital, Illusionist Group, DFG, Jsquare, Lattice Capital, SMAPE Capital, 0x Ventures, Signum Capital, Signal Ventures, D1 Ventures, Faculty Group, Dia Data, Zeitgeist, Chainflip, Astar Network, BwareLabs, and KodaDot.

Company Website: https://www.subsquid.io/

Software Category: node query framework and node-as-a-service

About the Company:  Subsquid is a game-changing protocol for DotSama developers that services complex queries in a fraction of the time usually needed thanks to its powerful architecture. Its unique two-tier approach provides developers with rapidly decreasing data retrieval times and boosts API reliability, while its high level of customizability makes it the ideal query protocol for substrate projects of any type and scale.

Source: https://www.globenewswire.com/news-release/2021/11/12/2333467/0/en/Subsquid-Raises-3-8M-in-Seed-Round-Led-by-Hypersphere-Ventures.html