Hivello Raises $1M in Pre-Seed Funding for DePIN Advancements
Hivello, a company based in Amsterdam, Netherlands, and London, UK, is making great strides in advancing the field of decentralized physical infrastructure networks (DePIN). They recently announced that they have raised USD$1M in Pre-Seed funding, with a number of notable investors participating in the round. These investors include NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. The injection of capital will be used to fuel the company's expansion efforts and further develop their innovative technology.
Under the leadership of Domenic Carosa and Andrew Smith, Hivello is devoted to revolutionizing the accessibility of decentralized services on a global scale.
By harnessing the power of Decentralized Physical Infrastructure Networks (DePIN), the company aims to create a more inclusive and interconnected world. The company has exciting plans ahead, as they are set to launch their technology this Christmas. Furthermore, they have ambitious goals to integrate up to 100 DePINs within the next 12 months, showcasing their commitment to widespread adoption and impact.
Hivello's vision aligns with the growing interest in decentralized technologies and the desire to create a more equitable society. By leveraging DePINs, Hivello aims to eliminate the reliance on centralized systems and empower individuals and communities to have greater control over their own resources. With their successful Pre-Seed funding round, Hivello is well-positioned to make significant contributions to the field of decentralized physical infrastructure networks, and shape the future of a more decentralized world.
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