Nodle.io, a San Francisco, CA-based Internet of Things (IoT) and connectivity network provider, raised $1.5m in seed funding round.
The round was led by Blockchange Ventures with participation from Blockhead Capital, Bootstraplabs, Olymp Capital, Mark Pincus with Work Play Ventures and Yeoman’s Capital.
Led by Micha Benoliel, co-founder and CEO, Nodle.io works with application developers, consumer electronics manufacturers and telcos to use mobile phones as a decentralized infrastructure that can support hundreds of thousands of transactions per second.
Users can monetize their applications via the Nodle Software Development Kit (SDK) and earn NODL coins for helping the network to grow.
Currently over 1 million devices are connecting to the Nodle Citizen Network every day.