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DePHY - Seed
Overview
Funding Date
February 16, 2024
Financing amount
--
Valuation
$40M
Catagory
Subcategory
About DePHY - Seed
DePHY, a DePIN infrastructure startup, has recently completed a seed funding round, achieving a $40 million valuation and amassing several million dollars in investment. This financial milestone drew support from a varied group of venture capital firms, such as Blockchain Builders Fund, Foresight Ventures, IoTeX, Paramita, FutureMoney Group, Waterdrip Capital, Definancex, PAKA and Candaq Fintech Group.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 5 | -- | ||
| Fund | Russian Federation | 2010 | 59 | info@foresight.vc | ||
| Foundation | -- | 2017 | 9 | -- | ||
| Fund | Unknown | -- | 4 | -- | ||
| Corporate | Hong Kong | 2017 | 8 | contact@0xfu.com | ||
| Fund | China | 2017 | 68 | contact@waterdrip.io | ||
| Uncategorized | -- | -- | 5 | -- | ||
| Fund | -- | -- | 25 | -- | ||
| Fund | Germany | -- | 21 | info@candaq.com |
Company Profile / Project Introduction
DePHY is a decentralized low-latency off-chain network for DePIN with verifiability and composability. DePHY provides open source hardware solutions, decentralised messaging layer, and automatic tokenomics execution for all DePIN projects.