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Cymbal
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About Cymbal
Cymbal Inc. operates a blockchain data platform with the mission to make on-chain information understandable to a broad audience. Founded in 2022 by Eric Feng, Nick Chang, and Shabih Rizvi, the Menlo Park-based company is building what it calls a “human readable” blockchain explorer. The founding team brings experience from prominent technology companies such as Meta, Microsoft, Hulu, and Flipboard. CEO Eric Feng’s background is particularly notable, with previous roles as a General Partner at Kleiner Perkins, CTO at Hulu, and involvement in the video commerce startup Packagd, which was acquired by Meta.
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The company's core product is a platform that allows users to explore, track, and analyze blockchain activity, initially focusing on the Ethereum network with plans to integrate others like Solana and Polygon. Instead of the command-line interface feel of traditional block explorers, Cymbal provides a visual and social interface. This graphical interface integrates NFT artwork, data trends, public information on wallet owners, and relevant news to make the data more digestible. The service aims to transform complex data into clear insights, for example, by tracking NFT collections, wallet portfolios, and transaction histories. It also incorporates AI to generate conversational summaries of on-chain activities and trends.
Cymbal operates in the financial technology and information services sector, serving a diverse customer base that includes individual crypto users, developers, and institutional clients. The business model appears to be subscription-based, offering tiered access to its data analytics and reporting features. In July 2023, the company announced it had raised $18.5 million in a funding round with participation from investors such as First Round Capital, GV (formerly Google Ventures), Coinbase Ventures, and Solana Ventures.
Latest news
Press, funding announcements and product moves mentioning Cymbal.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jul 2023 | $19M | $74M | Patron · First Round Capital · Coinbase Ventures · ACrew Capital | ↗ |
| SEEDEquity / VC | Mar 2022 | $0 | — | Eniac Ventures | — |
Growth signals
Latest recorded traffic for Cymbal is 390 monthly website visits, up 129.4% over the last three months. Cymbal's team declined 20% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A8 investors entered at this stage
Patron
First Round Capital
Coinbase Ventures
ACrew CapitalSolana Ventures
GV
UTA Ventures- CCCAA Connect
Other known investors4 additional known investors
Alchemy
Gold House Ventures
Outlander VC- VBVineet Budki
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Cymbal on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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