peaq has raised $15 million in a pre-launch multi-tranche funding round led by Generative
Ventures and Borderless Capital with the participation of Spartan Group (invested in MetaGravity
and Brine Fi), HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs,
TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana
Wealth, and others.
The funding will be directed toward further expanding the peaq ecosystem, home to more than 20 DePINs, decentralised applications that use tokens to incentivise people to crowdsource and build connected real-world physical infrastructure. The funding comes at a crucial time for the project as it prepares for network launch after years of R&D.
Founded by Max Thake, Till Wendler, and Leonard Dorlöchter in 2020, peaq empowers people to
own and earn from mobility, energy, connectivity, environment, agriculture, and digital
infrastructure. It serves as permissionless, borderless digital infrastructure for increasingly
intelligent machines to serve all of humanity.
https://techfundingnews.com/berlin-based-blockchain-startup-peaq-lands-15m-to-build-decentralised-apps-to-access-from-anywhere/
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