#DePIN aims to create more secure, transparent, and inclusive infrastructure networks across various sectors, such as transport, energy, and wireless connectivity.
The capital raised by Hivello will be used to expand its technological capabilities, accelerate product development, and strengthen its market position.
Investors that participated in Hivello's pre-seed raises include: Blockchain Founders Fund, Side Door Ventures, Bing Ventures, NxGen, Cypher Capital Group, Primal Capital, Contango Digital Assets, Candaq Fintech Group, BingX, XT.COM Exchange, LBank Labs, NewTribe Capital, NGC Ventures, MEXC, and Genesis Block.
https://betakit.com/blockchain-startup-hivello-raises-3-3-million-cad-in-pre-seed-funding/