Tech Company Financing Transactions
Mawari Funding Round
Mawari, based in Los Altos, received $6.5 million in funding from Blockchange Ventures, Decasonic and Abies Ventures.
Transaction Overview
Company Name
Announced On
2/8/2023
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Seed
Investors
Blockchange Ventures (Lead Investor) (Ken Seiff)
Decasonic (Lead Investor)
Proceeds Purpose
The funding in the form of venture equity and digital assets will enable Mawari to expand its existing R&D capabilities and to move faster towards the launch of the Mawari Network: a decentralized 3D and XR content delivery platform with designs based on Web3 principles. It will be powered by interactive real-time 3D rendering and streaming technologies, and it will be supported by partners in a decentralized network.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Undisclosed
Los Altos, CA Undisclosed
USA
Los Altos, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Our mission is to unlock new perspectives with real-time immersive technology powered by a decentralized network of global resources. At Mawari we believe the next iteration of the internet will be delivered to XR devices. It represents a fundamental and pivotal change on how we work, socialize and learn today. To power the next generation of the internet and drive mainstream adoption, we need to meet or surpass the scale and quality of service we have in today's internet. In order to achieve this, a new infrastructure and technology stack needs to be built and integrated. To make this a reality we are building The Mawari Network. We also believe this new infrastructure should be a public good.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Luis Ramirez
Chief Operating Officer
Frederick Speckeen
Chief Technical Officer
Aleksandr Borisov
Co-Founder
Takeo Yatabe
Browse more venture capital transactions:
Prev: 2/8/2023: Carbonplace venture capital transaction
Next: 2/8/2023: Pebble venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on every notable VC transaction. All VC database entries reported here come from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs