DePIN startup Decentralized Infrastructure completes $11.5 million in Series A financing, led by CoinFund

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Cointime2024/01/16 15:20

By:Cointime

Decentralized Infrastructure, the startup behind the construction of the DIMO network, raised $11.5 million in Series A funding led by CoinFund. Other companies such as Slow Ventures, ConsenSys Mesh, Borderless Capital, Bill Ackman's Table Management, and former CEO of General Motors G. Rick Wagoner Jr. also participated. Alex Felix, the Chief Investment Officer of CoinFund, will join the startup's board of directors. The Series A funding brings the total funding for Digital Infrastructure to $22 million.

The DIMO network is a decentralized car data protocol and its accompanying application allows users to view their car data and receive token rewards.

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