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peaq, a Layer 1 blockchain focused on DePIN (Decentralized Personal Internet Nodes), has successfully raised $15 million in a pre-launch funding round, as reported by @JamieCrawleyCD. The funding aims to expand its ecosystem, making it easier and faster for DePINs to build, launch, and scale, specifically ahead of peaq's upcoming public offering. The round was led by GenVenture Capital and Borderless Capital, with significant contributions from Moonrock Capital, The Spartan Group, and other investors. This financial boost is set to prepare peaq for its upcoming public offering and further establish its position as a leading DePIN ecosystem in Europe, particularly Germany. The funds will also support the development of decentralized applications (dApps) that can be accessed globally.
🪙🪙@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
