Hivello, a Toronto, Canada-based blockchain payment solution provider, raised an additional USD$1.5M in funding.
The round, which brought the total amount to USD$2.5M raised during the last month, included participation from Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, and Candaq, joining NGC, Blockchain Founders Fund, IDG, and others from the prior pre-seed investment round.
The company intends to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services.
Led by Domenic Carosa, Chairman, Hivello provides a blockchain payment solution dedicated to transforming the accessibility of decentralized services globally. As a player in the Decentralized Physical Infrastructure Networks (DePIN) sector, the company works for democratizing accesses to decentralized infrastructure.