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Blockmate Ventures Inc V.MATE

Alternate Symbol(s):  MATEF

Financial Services Asset Management
Blockmate Ventures Inc is a venture creator focusing on building technology businesses relating to sectors, such as blockchain, climate and energy storage. The Company’s assets in the sectors of blockchain and climate technology include Hivello and BESS Power Innovation Corp (BESS). Its projects include Hivello and Sunified, digitizing solar energy. Hivello’s technology enables users to install an application on their physical devices like computers, routers, modems and storage nodes; by contributing resources they can start mining Decentralized Physical Infrastructure Networks (DePIN) protocols for Web3 applications without any specialized technical knowledge. BESS is a company focused on the sales and distribution of residential and industrial lithium iron phosphate batteries and auxiliary products. BESS owns the distribution rights to Blivex Energy Technology Co’s (Blivex) lithium battery products for North and South America.


TSXV:MATE - Post by User

Blockmate Ventures Inc
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Post by DavidB222on Dec 14, 2023 8:19am
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Post# 35783971

Blockmate secures USD $1M to Democratize DePIN

Blockmate secures USD $1M to Democratize DePIN"I am pleased to report that Blockmate (TSX.V: MATE) (FSE: 8MH1) investee Hivello, has successfully completed a USD $1 million capital raise. The fundraising round placed a pre-money valuation on Hivello at USD $5 million.

The post-money valuation of Blockmate’s stake in Hivello is an estimated USD $4 million (CAD $5.3 million).

We are thrilled to be joined as Hivello investors with leading investors in the Decentralized Physical Infrastructure Networks (DePIN) sector such as NGC Ventures, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT.com Exchange, Genesis Block, and NxGen.

The successful capital raise by Hivello is a significant validation of our investment strategy and Blockmate’s ability to recognize and nurture potential within the blockchain industry. The value of our stake alone is higher than our entire market cap (CAD $2 million), providing an excellent opportunity for investors to gain exposure to Hivello and other businesses within the Blockmate portfolio." Bockmate Ventures (TSX.V: MATE)
 
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