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[Funding alert] Canada-based Hivello Secures an Additional USD$1.5M in Funding

Canada-based Hivello secures an additional USD$1.5M in funding. Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, and Candaq joined NGC, Blockchain Founders Fund, IDG, and other participants from the previous pre-seed investment round in this round, bringing the total amount raised during the last month to USD$2.5M.

Canada-based Hivello secures an additional USD$1.5M in funding. Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, and Candaq joined NGC, Blockchain Founders Fund, IDG, and other participants from the previous pre-seed investment round in this round, bringing the total amount raised during the last month to USD$2.5M.

The company wants to become a leader in the DePIN services industry by strengthening its position and increasing its technological skills and product development speed.

Read also – CA-based Portal Secures $34Million in Seed Funding

Under the direction of Chairman Domenic Carosa, Hivello offers a blockchain-based payment system aimed at revolutionizing the accessibility of decentralized services on a worldwide scale.

The company is involved in the Decentralized Physical Infrastructure Networks (DePIN) space and strives to make decentralized infrastructure more accessible to a wider audience.

Read also – FL-based Kore.ai Secures $150Million in Funding

About Hivello

Hivello, they are opening up a new opportunity for anybody to participate in web3 projects and generate passive income without having any prior blockchain knowledge.
With their technology, users can install an application on their physical devices, such as computers, routers, modems, and storage nodes. Without requiring any specialized technical knowledge, they can begin mining DePIN (Decentralised Physical Infrastructure Networks) protocols for Web3 applications by contributing resources.

Read also – MA-based Inari Secures $103Million Funding

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