Funding Roundup: A Solana-based DePIN project raises $18M

Funding Roundup: A Solana-based DePIN project raises $18M

Table of Contents

This week was widespread with financing ads. The largest came from Andrena, the Internet service provider (ISP), who announced his plans to launch a wide decentralized range.

The DAWN (DANN) has raised a total of $ 18 million on a tour led by Dragonfly. CMT Digital, Castle Island Ventures and Wintermute Ventures.*

“Andrina was at the forefront of Debine before the term was present. Nick Carter, the partner of Castle Island Ventures, said,” Since we supported the company for the first time, they built an important installation base and their location is completely on the class on the dawn network. “We are strong believers with the idea that that Families will consume and provide network resources, and Andrina is a leader in the emerging market in this field. “

Read more: DePin projects have gained momentum on Solana Blockchain

According to a press release, the money will go to completing the protocol and expand the scope of “subscribers’ base in Andrena and deport the ultimate user transactions with Dawn.”

Another increase of two number of ZK, which raised $ 10 million in a seed tour. Sequoia, Scroll and Folius Ventures participated in the tour.

The project says that “it combines efficiency and ease of use for central exchanges (CEX) with the transparency and security of decentralized platforms (Dex). “

“Our mission is to convert crying currency trading into a safe and smooth journey, improving transparency, access and efficiency for all users. We are ready to revolutionize cryptocurrency trading with superior services in immediate trading, permanent trade and other innovative derivatives,” the team wrote in a post on X.

Other prominent tours:

  • Zoth, a return infrastructure company, said it raised $ 4 million in a strategic financing round. Taisu Ventures, Fat Cat Capital and Astrax Capital are among the investors.
  • Payman AI, which builds AI for human payments, Declare Pre -seed tour of $ 3 million. Investors included the visa, projects CB and the non -exploited capital.
  • Blockscout, an EVM -based chains block, He said I raised $ 3 million on a 1KX tour. Other investors included Gnus and primitive projects.
  • Nexio, Rollup Bitcoin parallel, Declare A round before the seed of $ 2.2 million with a poetic leadership.

Disclosure: Jason Yanowitz, co -founder of Blockworks and Empire, participated in the dawn tour.


Start your day with the highest visions of encryption from David Kanis and Catherine Ross. Subscribe to the newsletter of the empire.

Explore the increased intersection between encryption, macroeconomic, politics and financing with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the guideline newsletter forward.

Get alpha directly in your inbox with 0xresearch newsletter – The most prominent market, charts, Degen commercial ideas, governance updates, and more.

The newsletter of light is all the Solana things, in your in the inbox, every day. Subscribe to Solana Daily Solana News From Jack Kubinic and Jeff Albous.

Our offer on Sallar Marketplace