Blockmate Investee Hivello Successfully Raises USD $2.5M - Seite 2

Domenic Carosa, Chairman and Co-Founder of Hivello, commented on the expanded round: "The incredible surge in demand we've seen from investors confirms the pressing need for accessible decentralized infrastructure. The decision to upsize our round allows us to accelerate our mission and bolster our platform ahead of schedule. We are honored by the commitment shown by both new and returning investors who share our vision for the future of DePIN."

The additional funds will enable Hivello to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services.

“We live in a world where our most expensive assets are not always fully utilized”, said Ken Seiff, Managing Partner of Blockchange Ventures. “The internet helped us optimize our cars and our homes - but much more can be done. The blockchain is ideally suited to utilize the massive number of computers across the globe. Working together, these machines can rival the largest cloud providers, allowing owners to monetize without any of the capital expenditure. We are excited to back the great founders of Hivello, which is helping owners generate and optimize revenue by redirecting computation and other digital resources to its highest and best use case.”

This funding round, both original and extended, showcases the high conviction investors have in Hivello's team and the DePIN industry's potential. As Hivello prepares for an eventful year following its successful technology launch, the company is well-positioned to make a significant impact on the global stage of decentralized services.

“Hivello more than doubling their round in only 4 weeks is a testament to the strength of their team and mission - it’s great to see other big-name investors backing this innovative company,” said Tobias Bauer, Partner at Blockchain Founders Fund.

For more information about Hivello's offerings and future developments, please visit www.hivello.com

About Hivello
Hivello, led by distinguished blockchain payment solution pioneers, is dedicated to transforming the accessibility of decentralized services globally. As a leader in the Decentralized Physical Infrastructure Networks (DePIN) sector, Hivello stands at the vanguard of democratizing access to decentralized

About Blockmate Ventures Inc.
Blockmate Ventures is a venture creator focussing on building fast growing technology businesses relating to cutting edge sectors such as blockchain, climate and energy storage. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download our free passive income app at www.hivello.com) and Sunified, digitising solar energy.