Belgrade-based Tenderly nabs €12.8 million to grow its Ethereum developer platform

Serbian startup Tenderly, an Ethereum blockchain development platform, has raised around 12.8 million in a new funding round. This round was led by Accel, with participation from existing investors and new angel investors, including Nicolas Dessaigne (Co-founder of Algolia), Mirko Novakovic (Co-founder of Instana) and Guillermo Rauch (CEO of Vercel).

The team will use the funding to expand their core offering with new tools and services, bring in more talented people and continue improving their platform.

Founded in 2018, Tenderly’s platform offers a number of functionalities for Ethereum developers, becoming an essential part of their’ developer toolbox’ – for monitoring Ethereum smart contracts, real-time alerting, smart contract simulations, troubleshooting or for more complex custom integrations.

The platform is used by both SMEs and startups, and larger corporates, who seek a professional-grade experience that helps them streamline their development process – from the local machine all the way to production and beyond. Companies like Nexus Mutual, yearn, Aave, Uniswap, Chainlink, Sushi Swap, Maker, InstaDApp, DeFi Saver and others are already counted as Tenderly’s customers.

Co-Founder & CEO, Andrej Bencic, explained in the announcement: “I think it’s a given that we believe in decentralized software and that we bet on the Ethereum Ecosystem. Being a part of this global movement and seeing the innovation firsthand inspires us to push Tenderly forward and empower all developers building decentralized platforms, protocols and DApps.”

Accel Partner Andrei Brasoveanu added: “The Tenderly team is completely rethinking smart contract development with their suite of tools purpose-built for decentralized applications, which puts a delightful developer experience at its center. The strong adoption by the blockchain community shows how Tenderly is uniquely positioned to meet the growing needs of today’s Web 3.0 developers.”