Visa and BCG Build on Allium as Startup Closes $40M Series B

Fortune was the first to report the raise, announced June 23, 2026. Amplify Partners led the round, with Kleiner Perkins and Theory Ventures participating. Amplify partner David Beyer is joining Allium’s board.

From Three People to 30 Petabytes

Ethan Chan, co-founder and CEO, took to X to share details of the milestone. “Today, we manage 30+ petabytes of blockchain data that serves as the onchain system of record for institutions like Visa, BCG, and major banks and asset managers,” Chan wrote.

Chan and co-founder Cheng Han Lee started Allium in 2021 after meeting as college freshmen. The core problem they set out to fix: blockchain data was fragmented across hundreds of chains and unusable at institutional scale.

Today Allium ingests raw data from 150-plus chains and more than 10,000 protocols, normalizes it into standardized, queryable formats, and delivers it via APIs, data streams, and analytics tools to roughly 150 enterprise customers. Those customers include Visa, BCG, Coinbase, A16z Crypto, Stripe, Uniswap, and Phantom. Allium’s data has been cited by research institutions including the U.S. Federal Reserve and Stanford University.

10x Revenue Growth Since Series A

Chan outlined post-Series A traction in his X post. Revenue grew 10x in the two years since that round closed in July 2024. Visa and BCG both built stablecoin dashboards directly on Allium’s platform.

“ Blockchain went from retail speculation to institutional infrastructure for 24/7 settlement, programmable payments, and tokenized assets that trade like equities,” Chan wrote.

The Agentic Upside

Amplify Partners’ David Beyer pointed to a longer-term opportunity. “The really, really big upside for them ultimately is the agentic piece,” Beyer said in the Forbes coverage, referring to AI agents using blockchains and stablecoins for autonomous payments and transactions, a use case that depends on high-quality, normalized onchain data as a foundation.

Chan connected Allium’s positioning to lessons from machine learning. “You have to control the data source,” he said.

Market Context

The raise comes as blockchain analytics peers face pressure. Dune Analytics laid off staff in May 2026, and Messari was acquired by Blockworks at a discount in June 2026. Allium has differentiated through its enterprise focus, data quality at scale, and alignment with rising Wall Street participation in crypto, stablecoin expansion, and real-world asset ( RWA) tokenization.

“It’s never been a better time for the institutional side,” Chan said.

The company now employs approximately 50 people. Specific allocation details for the Series B proceeds were not disclosed at the time of announcement.