Blockchain infrastructure company Covalent completes $5 million financing, led by RockTree Capital.

ChainCatcher news, blockchain data infrastructure company Covalent has completed a $5 million financing round, led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital, and Double Peak Group.

Covalent develops infrastructure that allows users to access historical blockchain data in the "Ethereum Wayback Machine," similar to how web2 stores online webpages. The company stated that it will use this funding to expand into Asia and support long-term data availability in countries such as China and Singapore.

It is reported that Covalent has raised over $20 million in total through token sales.