Tech Company Financing Transactions

Peaq Funding Round

Peaq, based in Singapore, secured $6 million from Fundamental Labs, Ceras Ventures and Cypher.

Transaction Overview

Company Name
Announced On
6/28/2022
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Proceeds Purpose
The fresh capital will support the expansion of peaq's network, which aims to power an economy in which machines have overtaken millions of previously people-powered jobs by allowing users to create, govern and generate income from dapps for machine-generated goods and services.

Company Information

Company Status
Private & Independent
Industry
Blockchain
Mailing Address
3 Fraser St 05-25
Singapore, 189352
Singapore
Phone
Undisclosed
Email Address
Overview
peaq provides everything you need to build people-powered applications for vehicles, robots, and devices on a people-powered blockchain network. When we started peaq we understood two core things, blockchain will change the world more profoundly than the Internet did, and it won't happen overnight. At peaq, we're not afraid to think differently. The core values of the team are the core values of peaq, we are driven by this opportunity to make a global impact. We've taken a different approach to all aspects of blockchain for the machine economy. We chose a bold strategy, opting to use the technology to create value before using the technology to exchange value. The inverse of the status quo.
Profile
Peaq LinkedIn Company Profile
Social Media
Peaq Company Twitter Account
Company News
Peaq News
Facebook
Peaq on Facebook
YouTube
Peaq on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Till Wendler
  Till Wendler LinkedIn Profile  Till Wendler Twitter Account  Till Wendler News  Till Wendler on Facebook
Chief Financial Officer
Julia Ponitzsch
  Julia Ponitzsch LinkedIn Profile  Julia Ponitzsch Twitter Account  Julia Ponitzsch News  Julia Ponitzsch on Facebook
Chief Technical Officer
Pavel Fomenko
  Pavel Fomenko LinkedIn Profile  Pavel Fomenko Twitter Account  Pavel Fomenko News  Pavel Fomenko on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/28/2022: Zigazoo venture capital transaction
Next: 6/28/2022: Audience.co venture capital transaction

 

Share this article

 


About Database of VC Transactions

We do our best to document every notable VC transaction. VC transactions reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary