Tech Company Financing Transactions
Hivello Funding Round
Hivello, based in Amsterdam, raised $1.5 million from Blockchain Founders Fund, Blockchange Ventures and Candaq Fintech Group.
Transaction Overview
Company Name
Announced On
1/31/2024
Transaction Type
Venture Equity
Amount
$1,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Piet Heinkade 95B
Amsterdam, 1019 GM
NL
Amsterdam, 1019 GM
NL
Phone
Undisclosed
Website
Email Address
Overview
At Hivello, we are unlocking a new way for people to take part in web3 projects and earn passive income - no blockchain experience necessary. Our technology enables users to install an app on their physical devices like computers, routers, modems and storage nodes; by contributing resources they can start mining DePIN (Decentralised Physical Infrastructure Networks) protocols for Web3 applications without any specialized technical knowledge.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 1/31/2024: Indemn venture capital transaction
Next: 1/31/2024: Reken venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to record every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs