Tenderly Raises $15.3M in Series A Funding

Tenderly’s founding team

Tenderly, a Belgrade, Serbia-based Ethereum developer platform, raised $15.3M in Series A funding.

The round was led by Accel, with participation from existing investors Point Nine Capital, Version One Ventures, and angel investors, some of which include Nicolas Dessaigne (Co-founder of Algolia), Mirko Novakovic (CEO of Instana), Rodrigo Martinez (Investor at helloworld), and Guillermo Rauch (CEO of Vercel). In conjunction with the funding, Andrei Brasoveanu, Partner at Accel, will join the board.

The company intends to use the funds to accelerate blockchain product development, improve the experience for users, further elevate the development standards in the whole Ethereum ecosystem, to grow the team and start hiring talent globally.

Founded in Serbia in 2018 by Andrej Bencic (CEO), Bogdan Habic (CTO), Miljan Tekic (COO) and Nebojsa Urosevic (Blockchain Architect), Tenderly is advancing a platform that aims to enable the next wave of decentralized applications to be built. The platform supports developers every step of the way by giving them full observability of their smart contracts, monitoring platform, testing environment, and ready-made components that cut the development time and cost.

Today, Tenderly has a built suite of products including a Visual Debugger, which is regularly used by tens of thousands of smart contract developers; and the Simulation module, which currently processes more than three million transactions every day. Companies such as Nexus Mutual, Aave, Uniswap and Chainlink use Tenderly daily as an essential part of their developer toolbox, for monitoring Ethereum smart contracts, real-time alerting, analytics, troubleshooting or for more complex custom integrations.

Looking ahead, the company will continue to create modules and services to support a bigger part of the development lifecycle.