15 December 2023

Hivello Raises USD$1mn in Pre-Seed Funding

Written By FinTech Alliance in Blockchain

Hivello Raises USD$1mn in Pre-Seed Funding

Hivello, Netherlands and London, UK-based company advancing the field of decentralised physical infrastructure networks.

In brief:

- This strategic investment is bolstered by the backing of industry visionaries such as NGC, Blockchain Founders Fund, Side Door Ventures, etc.

- Heading Hivello are Domenic Carosa and Andrew Smith, co-founders of Banxa Holdings Inc. a regulated payment entity listed on the Toronto Stock Exchange known.

- Hivello gears up for its technological unveiling this Christmas, over the coming 12 months it's anticipated to mark a significant leap in the availability of decentralised services.

What does that mean?

Domenic Carosa, Chairman and Co-Founder of Hivello, shares: "This is a pivotal step forward. At Hivello, we're committed to reshaping infrastructure by making decentralised systems universally accessible. Our deep roots in the blockchain payment sector through Banxa give us the unique ability to understand and innovate in the DePIN space. With the unwavering support of our investors, we're poised to address the burgeoning needs of blockchain-based applications with robust, democratised infrastructure."

Read more here.

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