Layer One Blockchain Startup 5Ire Raises $100 Million At $1.5 Billion Valuation
07/15/22, 12:56 AM
Location
londonMoney raised
$100 million
Industry
financial services
other
Layer one blockchain company 5ire has raised $100 million at a valuation of $1.5 billion from UK-based SRAM & MRAM Group.
Company Info
Location
london, ontario, canada
Additional Info
LONDON, Oct. 28, 2021 (GLOBE NEWSWIRE) -- The sustainability-driven blockchain platform, 5ire, has yet again received an investment worth $1.1m to scale its technology by Sanctum Global Ventures, a VC firm, and Diamond Hands, an ecosystem fund that invests in leading blockchain and cryptocurrency projects. The company is looking to leverage its blockchain technology to transform the society, economy and the environment and become a leading blockchain ecosystem that will solve issues related to sustainability using its core technology "Proof of 5ire".