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Akave raised $3.45M in Pre-Seed funding led by Protocol Labs, Blockchange.Ventures, Lightshift, and Blockchain Builders Fund to accelerate its development of decentralized data lakes.

Nov 12, 2024about 1 year ago

Amount Raised

$3.45 Million

Round Type

seed

WilmingtonData CenterBlockchainSoftwareAnalytics

Investors

Blockchain Builders FundLightshiftBlockchange.VenturesProtocol Labs

Description

Akave, based in Wilmington, DE, raised $3.4M in Pre-Seed funding to enhance its decentralized data management solutions. The funding, led by prominent investors, will be used to empower users with full control and new monetization models for data ownership.

Company Information

Company

Akave

Location

Wilmington, Delaware, United States

About

Akave is a pioneering Filecoin Layer 2 decentralized data management network, purpose-built to empower the next generation of data-driven applications and marketplaces. Through its decentralized architecture, Akave’s on-chain storage chain enables secure, programmable data storage, access, and monetization. Akave combines cost-effective, high-performance storage with Web3-native capabilities, allowing users to manage and monetize data, setting a new standard for data ownership and control.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers