October 15, 2024
Pell Network, a provider of decentralized verification services (DVS), has secured $3 million in a pre-seed funding round. The round was co-led by Halo Capital, Mirana Ventures, and Paper Ventures. The funds will be used to develop Pell’s Omnichain Decentralized Validation Services network, which utilizes restaking. The exact distribution of the funds has not been revealed.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Pell Network | $3M | October 15, 2024 | Pre-Seed Round | Halo Capital, Mirana Ventures and Paper Ventures | Bitcoin |
About Pell Network
Pell Network is a decentralized verification service provider that focuses on enhancing blockchain security through restaking. By using Bitcoin and its Liquid Staking Derivatives (LSD), Pell Network offers a robust and scalable infrastructure for decentralized applications. This network allows users to stake their Bitcoin, providing cryptoeconomic security and earning passive income.
Website: https://pell.network/
About Investor
The round was co-led by Halo Capital, Mirana Ventures, and Paper Ventures.
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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