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, 2024•over 1 year ago
Amount Raised
$18 Million
Round Type
series a
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.
Funding Insights
Based on industry dataVC-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