NETHERLANDS – Hivello, an Amsterdam, Netherlands- and London, UK-based company advancing the field of decentralized physical infrastructure networks (DePIN), raised USD$1M in Pre-Seed funding.
The round saw participation from NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen. The company intends to use the funds to expand operations and its development efforts.Led by Domenic Carosa and Andrew Smith, Hivello is dedicated to transforming the accessibility of decentralized services globally by leveraging Decentralized Physical Infrastructure Networks (DePIN). As The company will launch its technology this Christmas and expcts to integrate up to 100 DePINs over the coming 12 months.15/12/2023
