Blockchain Startup Analog Raises $15 Million as DAO Investments Continue to Grow
Blockchain platform Analog has raised $15 million through a token sale. Bolts Capital purchased the tokens, bringing the project's total funding to $36 million. Other backers include Tribe Capital, Orange DAO, NEAR Protocol, and Samara Asset Group.
Analog focuses on connecting liquidity across different blockchains. The company plans to use the newly raised funds to develop interoperability tools, particularly the Omnichain Analog Token Standard (OATS). This standard will enable the transfer of both fungible and non-fungible assets between blockchains.
The startup is also developing Firestarter, a marketplace for tokenized real-world assets (RWA). These assets will include real estate, collectibles, and income-generating assets, expanding the platform's offerings beyond purely digital assets.
Earlier this year, Analog completed an investment round. In February 2024, the company raised $16 million with a valuation of $120 million, showing steady growth in investor confidence.
The blockchain platform continued its fundraising success into 2025. At the beginning of the year, Analog secured an additional $5 million in a new funding round. This latest investment came with an estimated market capitalization of $300 million.
The recent $15 million token sale adds to Analog's growing financial support. This continued investment suggests strong market interest in cross-chain technology solutions and real-world asset tokenization capabilities.
Blockchain governance funding has seen growth across the sector. Recently, DAO infrastructure provider Tally raised $8 million in Series A funding led by Appworks and Blockchain Capital to scale its on-chain governance tools. Tally's technology supports major protocols like Arbitrum, Uniswap DAO, and ZKsync with solutions for token launches, membership distribution, and voter participation.
