Escape Velocity confirms new $62 million fund
Escape Velocity has raised a $62 million fund. The project company said the capital will support decentralized physical infrastructure networks. These include telescope networks. It also includes solar networks. The company said that the fund targets projects that build real interest.
The increase shows strong interest in DePIN, the founders said. They said investors still believe in decentralized models. They added that DePIN can support new peer-to-peer services. They also said the model could help reshape infrastructure in phases.
Escape Velocity said the increase gives it room to support new teams. She said the fund will support founders in building long-term ideas. The company added that the market continues to reward real progress. The goal, she said, is to find projects that transcend the early hype.
Renewed focus on physical infrastructure projects
The company said its new fund addresses a clear gap. She said physical infrastructure needs new models. She added that decentralized systems could support new ways of sharing resources. The team pointed to networks that use peer support. She said that these networks can grow in steps.
The tokens of several DePIN projects are trading near their lows. Helium and Hivemapper tokens remain vulnerable. The company said this does not change its view. She said market cycles are normal. She added that strong ideas survive these stages.
Ramakrishnan said that cryptocurrencies oscillate between two extremes. He said teams must stay focused. He added that the best projects depend on real progress. He said that these projects take time.
Escape Velocity said DePIN is still early days. She said the sector can expand when ideas match real needs. It was said that this requires patience. She also said founders need to be supported through small steps.
Strong support from investors for the fund
The increase has attracted high-profile investors. Among them is Marc Andreessen. Among them is Mickey Malka. Cendana made the largest single commitment, the company said. She said the support reflects the team’s early work. She also said investors want long-term exposure to DePIN.
The founders met while interning at Goldman Sachs. One of them later worked at Ribbit Capital. The other joined Apollo Global Management. They said these roles helped shape their approach. They added that investor discipline is important. They also said that new models need trust.
The company raised its first fund in 2022. The market was weak at the time. However, it has received support from major cryptocurrency investors. The partners said this gave them a strong start. They used the fund to support DePIN projects focused on solar energy. These include daylight. They include glare.
The company has not yet returned the capital. Investors commit for ten years, she said. This structure suits his goals, she said. She added that long-term courses help build strong projects. This gives the founders room to grow, he said.
Escape Velocity has a strong reach, Cendana said. She said the team is seeing early projects. She added that the company has a clear vision for the sector.
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Building on DePIN’s momentum
Ramakrishnan said the idea behind DePIN sounds solid. He said crypto incentives reshape behavior. They help build communities, he said. These communities support the platforms, he added. He also said that new networks need these incentives.
Escape Velocity said the fund helps expand its role. She said she wanted to support the founders with real plans. She added that the next stage requires discipline. She also said that many previous projects were launched too early. She added that the market rewards teams with clear steps.
DePIN will take time to mature, the company said. New infrastructure is growing slowly, she said. She added that patient investors help. He also said that this patience builds stronger results.
The company said that cryptocurrencies continue to evolve. She said that decentralization remains essential. She added that the founders will continue building. She also said that new models will enter more industries. This includes energy. These include mapping. It also includes communications.
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