Massive Raises $11 Million In Seed Funding From Point72 Ventures To Bring A New Business Model To The Internet

Nov 30, 2021•almost 4 years ago

Amount Raised

$11 Million

Round Type

seed

Description

Massive, a fully remote startup that provides a new way for users to pay for digital apps and services by sharing a small amount of their computers' idle processing power, today announced that it has raised $11 million in seed funding. The round was led by Point72 Ventures with participation from Coinbase Ventures, Kraken Ventures, BlockTower Capital, and CoinShares Ventures. Angel investors in this round include Ryan Selkis of Messari, Prabhakar Reddy of FalconX, Sriram Krishnan of Kearny Jackson, and Packy McCormick of Not Boring. Massive previously raised $1.5 million of pre-seed funding from Launch, Hustle Fund, and angel investor Brad Burnham of Union Square Ventures.

Company Information

Company

Massive

About

Massive is a new payment layer for the internet. The company provides an SDK that lets app users choose to access premium features in exchange for their idle computing resources rather than personal attention and data. These resources are combined to form a supercomputer that compensates developers by decentralizing blockchain infrastructure, mining cryptocurrency, and performing general distributed tasks. Massive was founded by Jason Grad and Brian Kennish and is developed by a remote team around the world. For more information, visit joinmassive.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Massive Raises $11 Million In Seed Funding From Point72 Ventures To Bring A New Business Model To The Internet

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Company Information