July 03, 2024
The Spanish tech startup, hello.app, which is among the pioneers in compensating users for their personal mobile devices' unused storage space, has successfully raised a seed funding round of €500k, elevating its valuation to €16 million. This funding round saw contributions from various investors and private capitals across Europe, including existing partners. Notable private investors include Gerald Heydenreich, the founder of Ethermail, David Holtmann, and Albert Bonet, among others.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
€500K | July 03, 2024 | Seed | Web3 |
The capital raised will be channeled towards the app's development and its launch on iOS and Android platforms. It will also be used to activate the "contribution node" feature, reinforcing hello.app's position as the first-ever app to pay users for their mobile devices' unused storage space.
This funding is in addition to a previous investment round of €170k, which included investors like Iese, Esade, Castiventures, and Bcombinator, and a €130,000 loan from the National Innovation Company (Enisa).
About hello.app
hello.app, a Decentralized File Storage, established by entrepreneur Álvaro Pintado Santaularia at the age of 19, commenced its operations in 2022. It has already amassed close to 200k users spanning over 200 nations, with an ambitious goal of expanding its user base to 3 million by 2025.
The unique selling proposition of hello.app lies in its approach to tackle the constraints of conventional Web2 storage solutions. It positions itself as a Web3 contender to renowned centralized cloud behemoths such as Dropbox or Google. The platform empowers its users to generate additional income by "leasing" the storage space of their devices.
Website: https://hello.app/
About Investor
This funding round saw contributions from various investors and private capitals across Europe, including existing partners. Notable private investors include Gerald Heydenreich, the founder of Ethermail, David Holtmann, and Albert Bonet, among others.
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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