Blockchain data infrastructure company Covalent receives $5 million in strategic financing

Blockchain data infrastructure company Covalent has announced receiving a strategic financing of $5 million led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital, and Double Peak Group. Covalent stated that the funds will be used to expand its business in Asia and promote the adoption of long-term data availability in countries such as China and Singapore.