EdgeIn has launched a new database platform aimed at empowering Web3 builders and disrupting the dominance of big venture and hedge funds. The platform seeks to address the lack of transparent information about companies, fundings, management, and other data in the Web3 space. Existing platforms like Pitchbook and Crunchbase can be expensive and inaccessible to individual builders. EdgeIn aims to level the playing field by providing affordable access to reliable and trustworthy Web3 data.
The platform offers a range of datasets on companies, projects, and investments, with real-time updates on companies, people, deals, and events. Users can subscribe to the Web3 dataset for $14.99 per month. Notably, EdgeIn also provides users’ emails, although compliance with Europe’s GDPR regulations could be a concern.
Redg Snodgrass, CEO and co-founder of EdgeIn, explained that the platform was born out of his own desire for reliable data for discovery, due diligence, and competitive analysis. He and his team spoke with hundreds of investment analysts and associates who expressed similar pain points with existing platforms. Snodgrass highlighted the staleness and unreliability of Crunchbase and the high costs of Pitchbook for web3-specific data.
EdgeIn’s website currently offers two user journeys: company and investor. The platform aggregates data from various partners and indexes companies itself. Users can access information about recently discovered Web3 projects, filter data based on funding, geography, and other criteria, and explore a company’s timeline of events, team, and investment data.
EdgeIn claims to have already indexed over 90% of the Web3 market, listing 50,000 Web3 companies and projects, with 4,000 active investor profiles and over 20,000 builders. The company also plans to expand into other markets such as Generative AI and AR/VR in the future.
The platform is community-oriented, with free access for community members to around 25,000 published companies. Users can contribute data to the platform, and EdgeIn plans to introduce incentivized structures such as tokens. Additionally, the company will be releasing an API.
EdgeIn is currently bootstrapping and has raised $400,000 from angel investors, including Mike Dinsdale, Mike Borozdin, and Jeremy Clover. The company is also in the process of raising a $1.5 million pre-seed round.
By providing affordable access to comprehensive Web3 data, EdgeIn aims to empower builders and disrupt the dominance of big venture and hedge funds in the market. With its user-friendly interface and real-time updates, the platform could be a valuable tool for those in the Web3 space seeking reliable information for decision-making and analysis.
