Ethereum developer platform raises $ 15 million in venture capital funding

latest cryptocurrency project to receive large venture capital investments is an Ethereum developer platform called Tenderly.

Blockchain infrastructure startup Tenderly completed a Series A funding round that generated $ 15.3 million. round, which follows the previous one this year for $ 3.3 million, was led by blockchain development firm Accel. funding will help the company expand its current team of 14 and hire staff elsewhere.

company aims to ensure that novice blockchain developers do not discover smart contract errors when users discover problems and complain. He hopes to continue developing his toolkit to help more developers develop Ethereum without facing technical headaches. company has a “visual debugger” that is already used by “tens of thousands” of Ethereum developers, he says.

Tenderly CEO Andrej Bencic told tech news outlet TechCrunch:

“Tenderness, from the beginning, was a solution to one of our problems. We wanted to make it as easy as possible to observe and extract information from Ethereum and adjacent networks.

Accelerate Ethereum development

Serbia-based startup hopes its product will help developers get to their code faster without compromising usability. Most of its clients so far have been small startups aiming to take advantage of DeFi-related applications and protocols, the report adds.

Commenting on the market movements, Bencic added:

“We’ve built most of Tenderly on the bear market and one thing we’ve seen is that even if you get these relative prices, people who are excited about the technology are excited about the technology regardless of whether the currencies are going up or down.”

Ethereum itself is set for its own upgrade when the London hard fork launches next week.

Ethereum prices have mostly held their gains and have risen this week. At press time, ETH was trading at $ 2,342, 6.5% higher than its weekly open.


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