Huddle01 Raises $2.8M Led By Hivemind To Build The 1St Decentralized Communication Network

Apr 06, 2023•over 2 years ago

Amount Raised

$2.8 Million

Round Type

seed

New YorkBlockchainSoftware

Investors

Dan Romero And Juan BenetStani KulechovBalaji SrinivasanGood News VenturesLonghash VenturesEast VenturesProtocol LabsM31 CapitalSuperscryptHivemind

Description

Huddle01, a US and India-based company that's building the world's first decentralized real-time communication (dRTC) network, announced today that it had raised $2.8M in Seed Round led by the leading digital asset investment firm - Hivemind, taking the company's total raise to $4.5M till date. This round was participated by funds that include Superscrypt, M31 Capital, Protocol Labs, East Ventures, Longhash Ventures, Good News Ventures, and notable angel investors like Balaji Srinivasan, Stani Kulechov, Dan Romero and Juan Benet amongst others.

Company Information

Company

Huddle01

Location

New York, United States

About

Legal Name of Huddle01 is Graphene 01, Inc. The brainchild of Ayush Ranjan and Susmit Lavania, Huddle01 was co-founded at the 2020 ETHGlobal hackathon with a vision to make real-time communication open, secure, and borderless by leveraging blockchain & crypto-economics. Huddle01 has its own video meeting platform similar to Zoom that uses crypto primitives and has clocked in 1 million+ minutes of meetings. The infrastructure (developer SDKs) has over 100 projects built on top of it in categories like social, DAO tooling, education and the metaverse. Multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The dRTC network will be launched by Q4 of 2023 and will eliminate the dependency on centralized servers for real-time video communication. To learn more visit, www.huddle01.com

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Funding Insights

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