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Andrena raised $18 million in a Series A funding round led by Dragonfly Capital to develop a decentralized autonomous network protocol named DAWN.

Aug 11, 2024over 1 year ago

Amount Raised

$18 Million

Round Type

series a

New YorkTelecommunications

Investors

6th Man VenturesCmt DigitalWintermute VenturesPara FiCastle Island VenturesDragonfly Capital

Description

Andrena, a U.S. internet service provider, secured $18 million in its latest Series A funding round led by Dragonfly Capital. The company aims to create a network protocol to help users sell their excess internet bandwidth.

Company Information

Company

Andrena

Location

49-51 ELIZABETH STREET

New York, New York, United States

About

High-speed Internet for your home, office, and business.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech