Total amount raised
$2.5 Millions
Latest funding date
02/01/2025
Location
Hivello has successfully raised funding through multiple rounds, with notable investors including Blockchange Ventures and NGC Ventures. The platform operates as a DePIN aggregator, enabling users to contribute resources and connect with various Web3 protocols.
Keep reading to explore the intricacies of Hivello's fundraising journey and the investors backing this innovative platform.
What Is Hivello?
Hivello, founded in 2022, operates in the Information Technology, Internet of Things, and Web3 industries. The company is headquartered in Amsterdam, Noord-Holland, The Netherlands, and was founded by Andrew Smith, Domenic Carosa, and Justin Rosenberg.
With an employee count ranging from 11 to 50, Hivello focuses on enabling users to contribute resources and connect with various Web3 protocols. The company's main product, the Hivello App, allows users to mine DePIN protocols for Web3 applications by utilizing spare resources on their devices.
How Much Funding Has Hivello Raised?
- Pre-Seed Round
- Amount Raised: $2.5M
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the Hivello App, enabling users to mine DePIN protocols for Web3 applications.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2025
- Lead Investors: Animoca Brands
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To innovate and simplify DePIN nodes, making them more user-friendly and accessible.
Total Amount Raised: $2.5M
Current Valuation: Not publicly disclosed
Key Investors
- Animoca Brands
- Details: Animoca Brands is a global leader in digital entertainment, blockchain, and gamification. The company has a large portfolio of over 540 investments in Web3.
- Investment Focus Areas: Digital property rights, decentralized projects, gamification, blockchain, open metaverse
- Notable Investments: REVV token, SAND token, The Sandbox
- Blockchange Ventures
- Details: Blockchange Ventures is a venture capital firm that invests in blockchain technology and decentralized networks. They focus on early-stage investments in innovative blockchain projects.
- Investment Focus Areas: Blockchain technology, decentralized networks, early-stage investments
- Notable Investments: Not publicly disclosed
- NGC Ventures
- Details: NGC Ventures is a leading blockchain investment firm that supports projects in the blockchain and cryptocurrency space. They aim to drive the growth of the blockchain ecosystem.
- Investment Focus Areas: Blockchain, cryptocurrency, ecosystem growth
- Notable Investments: Not publicly disclosed
- Taisu Ventures
- Details: Taisu Ventures is an investment firm that focuses on supporting innovative technology startups. They aim to foster growth and development in the tech industry.
- Investment Focus Areas: Technology startups, innovation, growth
- Notable Investments: Not publicly disclosed
- Contango
- Details: Contango is a venture capital firm that invests in early-stage technology companies. They focus on identifying and supporting high-potential startups.
- Investment Focus Areas: Early-stage technology companies, high-potential startups
- Notable Investments: Not publicly disclosed
What's Next for Hivello?
Hivello stands at the cusp of significant growth, driven by strategic investments and the upcoming listing of its HVLO token on major exchanges like Gate.io and MEXC. These opportunities promise substantial market exposure and liquidity, positioning Hivello to capitalize on the rising interest in DePIN and Web3 protocols.
Future fundraising efforts are likely to gain momentum, bolstered by the involvement of high-profile investors such as Animoca Brands. The live discussion event hosted by Hivello and Animoca Brands will further engage the community and potential investors, setting the stage for additional funding rounds.
However, Hivello faces challenges in simplifying DePIN nodes for non-technical users and competing in the rapidly evolving Web3 space. Ensuring the successful adoption and utility of the HVLO token will be crucial for sustaining growth and attracting further investments.
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