Huddle01, a Middletown, Delaware-based decentralized real-time communication (dRTC) network, raised $2.8M in Seed funding.
The round, which brought the total amount to $4.5M, was led by Hivemind, with participation from Superscrypt, M31 Capital, Protocol Labs, East Ventures, Longhash Ventures, Good News Ventures, and notable angel investors like Balaji Srinivasan, Stani Kulechov, Dan Romero and Juan Benet.
The company intends to use the funds to grow its ecosystem to support thousands of apps and launch its network of nodes to facilitate communication at scale and reward them with its tokens.
Co-founded by Ayush Ranjan and Susmit Lavania, Huddle01 aims to make real-time communication open, secure, and borderless by leveraging blockchain & crypto-economics. The company has its own video meeting platform that uses crypto primitives and has clocked in 1 million+ minutes of meetings. The infrastructure (developer SDKs) has over 100 projects built on top of it in categories like social, DAO tooling, education and the metaverse. The company will also tap into the social, gaming, metaverse, and video commerce industry, enabling bottom-up adoption.
FinSMEs
06/04/2023