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Hivello Announces Upsized Funding Round, Raising USD $2.5M Amidst High Demand

Jan 31, 2024•almost 2 years ago

Amount Raised

$2.5 Million

Round Type

seed

AmsterdamInformation Technology

Investors

IdgBlockchain Founders FundNgcCandaqContango Digital AssetsPrimal CapitalMh VenturesCypher CapitalBlockchange (Usa)

Description

Hivello has announced an upsized funding round, raising an additional USD $1.5 million and bringing the total raised in the prior 4 weeks to USD $2.5 million. The extended round attracted new investors including Blockchange (USA), Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, and Candaq, joining industry leaders NGC, Blockchain Founders Fund, IDG, and others from the prior pre-seed investment round.

Company Information

Company

Hivello

Location

Amsterdam, North Holland, Netherlands

About

Hivello, led by distinguished blockchain payment solution pioneers, is dedicated to transforming the accessibility of decentralized services globally. As a leader in the Decentralized Physical Infrastructure Networks (DePIN) sector, Hivello stands at the vanguard of democratizing access to decentralized infrastructure.

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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