Crypto-focused financial modeling platform Gauntlet has achieved unicorn status after raising $23.8 million in Series B funding from some of blockchain’s biggest venture funds.

Ribbit Capital was the lead investor in this round, which was conducted from Palo Alto, California-based Venture firm. Bloomberg and existing investors Paradigm Capital and Polychain Capital also participated. reported Monday. Gauntlet stated that the funds will be used for additional employees and expansion into other industry sectors, such as gaming.