Funds for Web3 Communities Tracker Coinfeeds

San Francisco-based social media and 'web 3' tracking company Coinfeeds has raised $2m in seed funding, which it says will be used to accelerate growth and expand operations.

Coinfeeds, which describes itself as 'Bloomberg for cryptocurrencies', was co-founded by former Uber data scientist Moyi Dang (CEO) and CTO Bhavya Agarwal, who built machine learning platforms at Microsoft, Uber and Robinhood among others. The Coinfeeds app aggregates metrics and insights from social networks including Twitter, Discord and Telegram to track sentiment, mentions, followers and messages and help businesses, investors, and web3 natives make data-driven decisions. The software creates a custom social graph for every coin or NFT project to identify key opinion leaders and track the tweets and investments of investors and influencers.

The seed round was led by FTX Ventures, Coinbase Ventures, Protocol Labs (IPFS / Filecoin), Huobi Ventures and startup accelerator Y Combinator. The Coinfeeds app has now been launched, with free and premium options alongside API support for institutional and professional users.

Agarwal comments: 'After working with NLP for years we realized the technology could be used to provide actionable insights for web3 communities. We use it to generate these insights about sentiment and activity about all these crypto projects that each have their own unique way of communicating across different social channels like Twitter, Telegram and Discord'.

Web site: www.coinfeeds.io .