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Post: peaq: Revolutionizing Infrastructure with $15 Million Series A Funding

peaq: Revolutionizing Infrastructure with $15 Million Series A Funding

Key Points

  • peaq, a German-based DePIN startup, has secured $15 million in a Series A round led by Generative Ventures and Borderless Capital.
  • The funding round comes ahead of peaq’s mainnet launch in May.
  • Several prominent investors participated in the funding round, including Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, and others.
  • peaq aims to apply decentralization to physical infrastructure and systems, creating an “Economy of Things” network.
  • The company claims to have more than 20 DePIN projects in its ecosystem, surpassing the likes of Solana and Polygon.

peaq Secures $15 Million in Series A Funding

German-based DePIN startup peaq has successfully raised $15 million in a Series A funding round led by Generative Ventures and Borderless Capital. This significant investment comes as peaq prepares for its mainnet launch in May, showcasing investor confidence in the project’s potential.

Investor Support and Ecosystem Growth

The funding round included participation from various notable investors such as Spartan Group, HV Capital, CMCC Global, Animoca Brands, and Moonrock Capital, among others. These investors’ support indicates a growing interest in decentralized physical infrastructure networks like peaq.

Building an “Economy of Things” Ecosystem

Founded in 2017, peaq was established with the vision of decentralizing physical infrastructure and systems to create an “Economy of Things” network. With over 20 DePIN projects already in its ecosystem, peaq is positioning itself as a significant player in the space, surpassing the project count of well-known layer-1 blockchains like Solana and Polygon.

Hot Take

peaq’s successful Series A funding round and the development of its decentralized infrastructure ecosystem demonstrate the increasing interest and investment in innovative blockchain projects. With a strong investor base and a focus on decentralization, peaq is poised to make significant strides in reshaping physical infrastructure networks.

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