Functionland Raises $1.1M in Seed Funding
Summary
Functionland raised $1.1M in an oversubscribed seed round led by existing investor Outlier Ventures and joined by Protocol Labs, Master Ventures and other Web3 investors. The company will use the funding to advance development of its Borg Protocol, support a planned hardware launch (Box), and continue work on its Photos proof-of-concept app. Functionland already maintains technical partnerships with Protocol Labs and other Web3 projects and aims to decentralize cloud services using IPFS and libp2p technologies. The round attracted a global set of investors and reflects growing interest in blockchain-attached storage and decentralized infrastructure.
Funding
Amount
$1.1M
Total raised
Date
January 25, 2022
Announcement date
Investors
Master Ventures, Protocol Labs, Outlier Ventures
Lead investors
Company
-
Funded company
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected