Tech Company Financing Transactions
Quai Funding Round
Cogitent Ventures, MH Ventures and TPC Club participated in a $5 million funding round for Quai. The funding round was announced on 8/29/2024.
Transaction Overview
Company Name
Announced On
8/29/2024
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its growth and development, scaling the team, particularly in engineering and developer relations, intensifying research and development efforts, and investing in community engagement initiatives.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
Austin, TX Undisclosed
USA
Austin, TX Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Quai Foundation is established to support the development of Quai Network and applications built on Quai Network. Quai Network is a scalable PoW blockchain which utilizes hierarchical merged mining to scale decentralized blockchain transactions to the scale of all human commerce.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alan Orwick
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Where The Data Comes From
We document every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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