Tech Company Financing Transactions
Fetch.ai Funding Round
On 3/29/2023, Fetch.ai raised $40 million in funding from DWF Labs.
Transaction Overview
Company Name
Announced On
3/29/2023
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
DWF Labs (Lead Investor)
Proceeds Purpose
Fetch.ai is built on blockchain technology and it has created a FET token that will be used on its platform. Earlier this week, it launched a "Notyphi" notification feature for using in connection with the Fetch wallet. But these are just parts of what looks like a very ambitious roadmap. Sheikh said the capital it's announcing today will be invested in that work as Fetch gears up to launch commercial services later this year.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
50-60 Station Road
Cambridge, CB1 2JH
GB
Cambridge, CB1 2JH
GB
Phone
Undisclosed
Website
Email Address
Overview
The world's first adaptive, self-organising smart ledger. Fetch.ai is a next-generation protocol, invented by world-leading AI experts, that enables a digital world where Autonomous Economic Agents can perform proactive economic activity. With unrivalled performance and scalability, Fetch.ai is the missing critical infrastructure for tomorrow's digital economy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Humayun Sheikh
Chief Technical Officer
Edward FitzGerald
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