peaq raises $15M for web3-enabled public infrastructure

Mar 27, 2024•over 1 year ago

Amount Raised

$15 Million

SingaporeBlockchain Services

Investors

Dwf LabsTrgcFundamental LabsMoonrock CapitalAnimoca BrandsCmcc GlobalHv CapitalSpartan GroupBorderless CapitalGenerative Ventures

Description

peaq has raised $15 million to strengthen its web3 network, enabling communities to mobilize around improving physical infrastructure and preparing for the network launch. The funding will be directed towards peaq’s Ecosystem Grant Program, further development of backend functions, and Software Development Kit to accelerate project deployment.

Company Information

Company

peaq

Location

Singapore, Southeast Asia, Singapore

About

peaq is the go-to blockchain for real-world applications. The peaq layer-1 blockchain enables anyone to build decentralized applications (dApps) and Decentralized Physical Infrastructure Networks (DePINs), such as car-sharing, street-mapping, web access, and more, creating real-world value as part of the Economy of Things. peaq works with industry-leading consortia such as Gaia-x moveID, an EU-funded project led by Bosch, to co-create the future of smart mobility, energy, connectivity, and other important real-world industries. By empowering everyone to own, govern, and earn from the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation.

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