MakerDojo has raised $1.5 million.

MakerDojo.io, a blockchain SaaS firm, announced on Tuesday that it has raised $1.5 million in funding, with help from US-based investors UP2398 and Jan M Leeman. Leo Capital served as the lead investor.

MakerDojo was founded in 2021 by Priyank Chodisettiby, Stanford alum Vignesh Aigal, a former tech executive at Google and Coursera, and Ajay Chintala with the goal of streamlining the difficult, risky, and expensive for developers process of extracting blockchain data.

According to MakerDojo.io, the most recent round of funding will be used to extend the company’s capabilities for all significant blockchain protocols through product innovation and talent acquisition.

They think that data-driven development will be necessary for Web3 to attain its full potential as it develops. They have observed the difficulties in gaining access to blockchain data and the effort required to derive insights from their early clients. They want to make it easier for people to get Web3 analytics by lowering the entrance hurdle through MakerDojo’s platform.