Unicorn 5ire, a fifth-generation Level 1 blockchain network, brings sustainability, technology, and Innovation to build the 5th industrial revolution (5IR).
The Web3 start-up had earlier raised $21 million in its seed round at a valuation of $110 million with participation from private and institutional investors like Alphabet and Marshland Capital, among others.
Founded by Prateek Dwivedi, Pratik Gauri, and Vilma Mattila, proponents of blockchain technology, in August 2021, the mission of the 5ire ecosystem is to embed the for-benefit paradigm at the heart of the blockchain, highly incentivise practices that align with the United Nations Sustainable Development Goals (SDGs), facilitate the transition from the 4IR to 5IR and accelerate the implementation of the UN 2030 Agenda for Sustainable Development.
The company’s primary offering is 5ireChain, a first layer, sustainability-driven 5th generation blockchain that ensures adherence to the philosophy of 5IR, creating a net positive impact on the planet and serving humanity.
|Funding Date||Transaction In||No. of Investor||Funding Amount|
|July 14 2022|
Series A – 5ire
|March 29 2022|
Initial Coin Offering
|Feb 14 2022|
Private Equity Round
|Oct 28 2022||Seed Round||13||$21|
Here above full details in Table, Company raised $221 (INR 1760 Crore) in 4 rounds in 257 days and become India’s Fastest Unicorn.