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peaq, a Layer 1 blockchain focusing on DePIN (Decentralized Personal Internet Nodes) ecosystems, has successfully raised $15 million in a pre-launch funding round. The funding, reported by @JamieCrawleyCD, aims to expand its ecosystem and make it easier for DePINs to build, launch, and scale on peaq's platform. The round was led by Genventure Capital and Borderless Capital, with additional support from The Spartan Group, Moonrock Capital, and other investors. This financial boost comes ahead of peaq's upcoming public offering and the anticipated launch of its platform, signaling strong investor confidence in its vision to facilitate decentralized applications accessible from anywhere.
🪙🪙@peaqnetwork lands $15M to build decentralised apps to access from anywhere. https://t.co/cNdwyx0Y0Y @genventurecap @TheSpartanGroup @HV_Capital @CMCC_Global @animocabrands @MoonrockCapital @FundamentalLabs @trgcapi @DWFLabs #Blockchain #Europe #funding #Germany #Startups https://t.co/oxuJgh79fJ
Our investment in @peaqnetwork has been the biggest ticket Moonrock Capital has written until today. Yet, I couldn't feel more comfortable with that decision. Biggest conviction ever into the incredibly dedicated team shipping the leading DePIN ecosystem of the future. Bright… https://t.co/Bmh1W1wUGz
We are delighted to support @peaqnetwork alongside esteemed investors like @genventurecap, @borderless_cap, @TheSpartanGroup, and others. The world's fastest-growing DePIN ecosystem and this is only the beginning 🔥. https://t.co/RjLXIeKah1
