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U2U Network - Undisclosed
Overview
Funding Date
November 29, 2024
Financing amount
$13.8M
Valuation
--
Catagory
Subcategory
About U2U Network - Undisclosed
U2U Network, a modular layer-1 with subnet technology, pioneering and perfect fit for DePIN, is thrilled to announce the successful closure of its funding round, securing a total of $13.8 million. This significant financial milestone propels U2U Network further in its mission to provide a comprehensive solution for DePIN, offering robust and scalable infrastructure tailored to meet the evolving needs of the Web3 ecosystems. The recently concluded funding rounds saw contributions from a slew of prestigious venture capital firms, including KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and many more. And notably, JDI Ventures, in particular, made a significant equity investment, underscoring a focused commitment towards advancing U2U Network's R&D in hardware technologies. This diverse backing from top-tier investors highlights the industry's robust confidence in U2U Network's innovative approach.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Seychelles | 2017 | 49 | -- | ||
| Fund | China | 2015 | 25 | bd@capital-chain.com | ||
| Fund | Vietnam | 2022 | 5 | -- | ||
| Corporate | Unknown | -- | 4 | -- | ||
| Fund | Singapore | -- | 3 | -- | ||
| Uncategorized | United States of America | 2023 | 7 | -- | ||
| Fund | Unknown | -- | 4 | -- |
Company Profile / Project Introduction
U2U Network is a next-generation blockchain solution designed for scalability and real-world applications. U2U Network combines the power of a DAG-based Layer 1 network with EVM compatibility, OstracismVM, and modular subnet technology to achieve high performance (72K TPS) and fast transaction finality (650ms). This architecture allows for seamless communication between the mainnet and subnets, fostering a vibrant ecosystem (U2U Ecosystem) that caters to developers and users.