September 13, 2024
Fuse, a renewable energy startup based in London, has raised $12 million to incentivize customers for supporting the power grid from Multicoin Capital. The company aims to transform energy generation, distribution, and consumption by using mobile apps and decentralized technology, including cryptocurrency rewards.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Fuse Energy | $12M | September 13, 2024 | Strategic Round | Multicoin Capital | Energy |
This initiative is part of a decentralized physical infrastructure network (DePIN), which uses blockchain technology and tokens for infrastructure projects, specifically renewable electricity in Fuse’s case.
According to Alan Chang, Fuse’s co-founder and CEO, decentralized energy resources like home solar, home batteries, and home electric vehicle (EV) charging help minimize power losses by generating energy close to where it’s consumed.
About Fuse
Fuse Energy is a renewable energy company based in the UK that aims to make electricity cheaper, greener, and more accessible. They offer competitive tariffs and use renewable sources like solar and wind to generate electricity. Fuse Energy also reinvests its profits into developing new renewable energy projects around the world.
Website: https://www.fuseenergy.com/
About Investor
Investor: Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that specializes in cryptocurrencies, tokens, and blockchain companies that are reshaping trillion-dollar markets. The firm manages a hedge fund and several venture funds, investing across both public and private markets.
Founded in May 2017, Multicoin Capital has developed a reputation for being forward-leaning, independent thinkers2. They are known for pioneering token economic models, valuation methodologies, and challenging long-standing assumptions that the crypto ecosystem takes for granted.
Location: Austin, TX
Website: https://multicoin.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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